Forex: EUR/USD range will continue to dominate - TD Securities

FXstreet.com (Cordoba) - EUR/USD is still within a range despite cutting rates of last week and the mixed messages from the ECB, says the team of TD Securities. "The price action has been particularly close, and with the lack of momentum and the shortage of clear catalysts in the next few days, range trading will continue to be the dominant trend.

"The couple is currently in the middle of a broad band of negotiation between the upper area 1.29 and the bottom of 1.32 that has lasted for more than one month, and pair leans slightly toward a test of the lower part of the range," added the analysts.