EUR/USD stabilizing above 1.3500
FXstreet.com (Edinburgh) – The EUR/USD is looking to stabilize in the 1.3500/10 area at the end of US the trading session on Monday.
EUR/USD posed to range bound?
Empty docket in the euro area tomorrow would leave the pair to the mercy of the risk trends once again, at least during the European morning. The USD-side of the equation would be in the limelight as Housing Starts, Building Permits and November’s Consumer Confidence are all due. According to Eric Theoret, Currency Strategist at Scotiabank, the short term technical studies remains bearish, “as EUR has retreated from near-term resistance at its 50 …read more