Quantcast

EUR/USD glued to 1.3370, US data eyed

FXstreet.com (Edinburgh) -The EUR/USD continues to trade around 1.3370/75 region on Monday, ahead of the US docket due later.

EUR/USD remains range-bound

The pair keeps meandering the broader 1.32-1.34 range since early July, although disappointing US data this week could well see a challenge of the 1.3500 handle after the recent bull run lost impetus around 1.3450. “Better data this week has the potential to see a small squeeze higher, but continue to believe that EUR/USD is near its medium to longer term high and remain bearish on the bigger picture outlook of the pair”, recommended S.Osborne and G.Moore, FX Strategists …read more