EUR/USD losing steam at 1.3365

FXstreet.com (Edinburgh) -The bloc currency is now accelerating its intraday downside at the beginning of the week, dragging the EUR/USD to fresh lows around 1.3365.

EUR/USD keeps the range

Despite today’s ongoing correction, the pair remains well within the more ample range of 1.32-1.34 since early July, with the absence of a relevant trigger being behind the pattern. Taking a look at weekly charts, analysts at TD Securities commented, “the charts suggest that there are slightly greater upside risks for the EUR near-term but our conviction regarding the bull view is low. We rather think the market is range bound”. …read more