EUR/USD is trapped between divergent pulls ECB/Fed policy

ECB meets June 9 and is expected to make big changes

Fed meets Jun 16 and is expected to hike 50bps

Fed will start to reduce balance sheet from June 1

Until there's news from ECB or Fed EUR/USD likely confined tight ranges

Two key factors; trend firmly down, traders long

After this pause there's a high probability downtrend resumes

Risk aversion is core to recent developments nL2N2XI0CY