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.Â
“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.
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