FXstreet.com (Edinburgh) – The shared currency remains mired in the area of 1.3600 on Friday, with the EUR/USD keeping the narrow range between 1.3600 and 1.3620 so far.
EUR/USD looking to stabilize above 1.3600
The pair is extending its ascent for the third consecutive week so far, bouncing off sub-1.3300 levels post-ECB rate cut to weekly highs just beyond 1.3620. The EUR upside found support in the generalized risk-on trade and the skepticism surrounding the ECB and its forward guidance. Today’s upbeat tones from EMU’s inflation figures and the lower unemployment rate have also collaborated with the bid tone around the …read more