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Nov 05 - 08:55 AM

EUR/USD - Unlikely EUR/USD Can Sustain Any Move After U.S. Election

By Jeremy Boulton  —  Nov 05 - 06:50 AM
  • EUR/USD hasn't moved far for almost two years and may not do so

  • At the time of the U.S. election pair returns to middle 2023 range

  • The 2024 range falls within 2023's bounds

  • It's getting quiet and EUR/USD has moved toward its most neutral point

  • There is little risk of a break above 1.1276 or below 1.0448

  • Less volatility is more likely than greater volatility

  • Trump trade is the big risk on U.S. election day nL1N3MC07S

Source:
Refinitiv IFR Research/Market Commentary

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