EUR/USD to trade between 1.03 and 1.09 – Societe Generale
Source Fxstreet
Jul 3, 2024 09:53
The Euro (EUR) is back where it was before parliamentary elections were called, Societe Generale FX strategist Kit Juckes notes.
EUR is beck where it was
“1-mnth volatility is most of the way back to where it was before parliamentary elections were called. Insouciance or simply a case that the consensus was already so negative that it takes a lot of bad news to get it significantly lower?”
“Either way, I still think there’s less upside from here than downside and we see a 1.03-1.09 range holding for the rest of the year.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
EUR/USD continues its winning streak, trading around 1.0790 during the Asian session on Thursday.
Investing.com-- The Japanese yen steadied near its weakest levels in 38 years on Thursday, with the currency’s latest decline and low liquidity during a U.S. market holiday sparking fresh speculation over government intervention.
Investing.com-- Oil prices fell from two-month highs in Asian trade on Thursday, as traders collected some profits from a strong run-up this week, while soft U.S. economic data raised some concerns over long-term demand.
Investing.com-- Gold prices steadied at a 10-day high in Asian trade on Thursday after growing bets on interest rate cuts by the Federal Reserve pulled down the dollar and Treasury yields.
Bitcoin continues to be incredibly bearish amid negative market headwinds but that has not stopped investors from taking their positions during this time. These large investors who are holding more
Related Instrument
