11 Jul 2014
EUR/USD to remain trapped in a tight trading range - David Rodríguez
FXStreet (Łódź) - David Rodríguez, quantitative analyst for DailyFX.com, suggests that due to the current extremely low volatility EUR will remain stuck in a tight trading range against the USD.
Key quotes
"The operative range remains $1.3575-$1.3700, and until we start seeing bigger moves out of financial markets I expect that to hold."
"Possible catalysts for such a spike could be almost anything, but with the Euro and Dollar I’d look first to the ECB and Federal Reserve."
Key quotes
"The operative range remains $1.3575-$1.3700, and until we start seeing bigger moves out of financial markets I expect that to hold."
"Possible catalysts for such a spike could be almost anything, but with the Euro and Dollar I’d look first to the ECB and Federal Reserve."