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Nov 26 - 11:00 AM
EUR/USD: Trading Within The Middle Of 1.12-1.15 Narrow Range; Neutral Here - MUFG
First appeared on eFXplus on Nov 26 - 09:00 AM

MUFG Research discusses EUR/USD outlook and adopts a tactical neutral bias in the near-term.

"The euro has remained on a softer footing following the release of the latest weaker than expected euro-zone PMI survey surveys on Friday.

EUR/USD is currently trading within the middle of the narrow range between the 1.1200 and 1.1500 levels which has been in place this month.

Building evidence of economic weakness in the euro-zone has been offset in the near-term by the paring back of Fed rate hike expectations resulting in EUR/USD stabilizing at lower levels for now," MUFG notes. 

Source:
BTMU Research/Market Commentary

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