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Aug 08 - 05:55 AM

EUR/USD - Quiet Spell Supports Further EUR/USD Grind Higher

By Jeremy Boulton  —  Aug 08 - 03:40 AM
  • EUR/USD vol suppressed at 6.5

  • Trend firmly up since September 2022

  • Uptrend proving resilient despite restraint bullish bets

  • Movement in any direction is likely to be slow-paced

  • Continuation of the trend is far more likely than a reversal

  • Pair may gradually rise towards peak of a higher 1.08-1.13 range

Source:
Refinitiv IFR Research/Market Commentary

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