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25 Feb 2015
EUR/USD awaiting a catalyst – Scotiabank
FXStreet (Barcelona) - With EUR/USD still trading in its month-long 1.1098-1.1563 range, the pair is need of a catalyst for direction, notes Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank.
Key Quotes
“EUR is flat trading within a relatively narrow range and well within its month‐long 1.1098 to 1.1563 range.”
“There were no data releases today but President Draghi will testify to European Parliament (11:30am EST) which could prove interesting.”
“The stability in EUR is apparent in its range bound behaviour, the drop lower in volatility and the collapse in intraday ranges, all of which suggests the market is waiting for a catalyst.”
Key Quotes
“EUR is flat trading within a relatively narrow range and well within its month‐long 1.1098 to 1.1563 range.”
“There were no data releases today but President Draghi will testify to European Parliament (11:30am EST) which could prove interesting.”
“The stability in EUR is apparent in its range bound behaviour, the drop lower in volatility and the collapse in intraday ranges, all of which suggests the market is waiting for a catalyst.”