Session outlook: EUR/USD

Author: Sean Lee | Category: News

This pair is in a holding pattern between 1.3285/1.3420 at the moment and I do not expect this range to be broken today in Asian trade. The fact that EUR/GBP was able to hold firm again at .8430 (with the help of Sovereign buying interest) will help support the EUR but EUR/CHF and EUR/JPY on the other hand are in bearish s/t trends with intraday resistance at 1.3440 and 112.80 respectively and this will weigh on the EUR.

All up it looks like a recipe for trading the already established range edges.

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