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Nov 07 - 08:55 AM

EUR/USD - May Well Return To The Centre Of Its Range

By Jeremy Boulton  —  Nov 07 - 06:45 AM
  • EUR/USD 1.0713-71 EBS range on Thursday

  • EUR/USD dropped to 1.0683 following Wednesday's U.S. election

  • Traders who bet on USD rising have profits to book - sell USD nL1N3ME0FS

  • EUR/USD traded 1.0448-1.1276 in 2023 - centre of that range is 1.0862

  • It's getting quieter with this year's range falling within last year's

  • Vols may sink as traders book profits before this year ends

  • EUR/USD has continually returned to 1.0862 and may so again

  • What the Fed does is what really matters for markets nL1N3ME0JF

Source:
Refinitiv IFR Research/Market Commentary

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