EUR/USD: Range-Bound Conditions Awaiting Brexit News
The Euro is set to piggyback the Sterling this week, as the Brexit plot thickens. Whatever volatility and directions emerge in the GBP, it should be replicated in smaller scale in the EUR.
A rather confined 40 pip range to contend with at the start of the week, so involvement at the extremes of the trading range is best suited to aim for max risk reward prospects.
As the German vs US bond yield spread stands, with micro and macro slopes pointing up, the path of least resistance should continue to be to the upside from a value perspective.
A rather confined 40 pip range to contend with at the start of the week, so involvement at the extremes of the trading range is best suited to aim for max risk reward prospects.
As the German vs US bond yield spread stands, with micro and macro slopes pointing up, the path of least resistance should continue to be to the upside from a value perspective.
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