EUR/USD points to rangebound between 1.11 and 1.12 – Westpac

Richard Franulovich, Strategist at Westpac, believes the pair points to a consolidative theme between 1.11 and 1.12.

Key Quotes

“EUR seems vulnerable to a yield driven decline toward 1.11-1.12 as June Fed hike probabilities edge higher towards 45-50%”.

“Would not read much into Brexit polling with still more than one month ahead of the referendum”.