Johnman

Quiet times for EUR/USD

FX:EURUSD   Euro / U.S. Dollar
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After the ECB announced they continue to intend to make inflation increase, and although they didn't really push the issue further, signs of recovery from the US were enough to push and keep the Euro down.

The next couple of weeks will be light in news for the most popular forex pair. We will see movement come unemployment claims next week, but nothing really game-changing for the Euro .

There is little chance EUR/USD will be yanked into motion at least until the week of July the 20th. This paired with volatility in record lows, will probably mean very little action from EUR/USD until it decides to move again. Will it then move into the 1.3400 area and meet strong support? Or will it try to come up for air into the upper 1.3600? If I had to bet I'd say US data is going to weight on it for a while, but betting is bad for your account, so we'll see.

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