EUR/USD poised for further rangebound – Danske Bank

Chief Analyst at Danske Bank Arne Rasmussen suggested the pair should keep the rangebound trading intact for the time being.

Key Quotes

“In the majors, focus remains on the impact of struggling risk appetite and political developments. On the latter, today is set to bring a range of news on the Italian budget draft presentation to the EU, the US Treasury biannual FX manipulation report and, potentially, on the Brexit negotiations”.

“Overall, we still expect EUR/USD to continue its range trading around 1.15, while any confirmation of a UK-EU deal would yield GBP support. We plan to follow the headlines closely”.