Search ForexCrunch

EUR/USD is trading in a narrow range for quite some time. What’s next?

Here is their view, courtesy of eFXdata:
Societe Generale Cross Asset Strategy Research discusses EUR/USD outlook and thinks that price action could see a failure at the bottom of the current 1.1850-1.15 range.  
“With the US economy out-performing but Treasury yields capped, we are likely to remain in a schizophrenic range in G10FX,” SocGen notes.
EUR/GBP in a 0.86-0.90 range. EUR/USD is a 1.15-1.1850 game and having failed at the tip, we expect we’ll fail at the bottom,” SocGen argues.
For lots  more FX trades from major banks, sign up to eFXplus

By signing up to eFXplus via the link above, you are directly supporting  Forex Crunch.