EUR/USD Forecast: It has been moving up and down in the range of 1.1500 to 1.1700 and there is no signal that it will break this range so fast.
SocGen discusses EUR/USD outlook and adopts a tactical neutral bias, expecting the 1.15-1.17 range to hold in the near-term.
“The absence of downsizing from Fitch was trailed by some consolation that Italy budget proposals won’t be excessively over the top and that is quieted security markets for the time being. The euro, however, isn’t feeling much love
EURUSD is holding in a range for some time, but the EURO need a strong data and higher rate expectations to underpin it. – SocGen