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Jul 22 - 03:55 AM

EUR/USD - Grows Roots Ahead Supposedly Big Events

By Jeremy Boulton  —  Jul 22 - 02:48 AM
  • EUR/USD range this week just 72 pips and wider markets have been busy

  • In comparison GBP/USD range 197 pips and AUD/USD 112 pips

  • EUR/USD traded 1.1752, lowest in 78 trading days, without sparking activity

  • July's range 1.1895-1.1752 EBS just 143 pips less than 1.5%

  • One month vol is 5.1, June 4.6 low beckons, perhaps 2020 low 3.6

  • ECB set to promise even longer support to charge inflation nL4N2OX1SP

  • German & EZ July PMIs seen improving overall thanks service sector strength

  • EUR/USD traders should expect a slow slide nL1N2OX0U7




EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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