FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik comments on the uneventful Monday trading so far with the EUR/USD remaining in a tight range below 1.3400.



Key quotes



"Euro zone Trade Balance just released printed a surplus of 16.8B but price has barely reacted to the news."



"The 4 hours chart shows price holding above its 20 SMA, mostly flat around the 1.3370 level, while indicators hold directionless above their midlines."



"With little news schedule for the day, and more action coming maybe Wednesday from Minutes of both, FED and BOE, the pair is expected to maintain the 1.3330/1.3430 range so playing the extremes seems to be the most accurate choice for these days."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    FOMC: We think September - SG

  2. Forex News

    Dec more likely than September - Rabobank

  3. Forex News

    Global Economy, Central Banks Look for Further Improvement in GDP Data

  4. Forex News

    Fed hike moving into focus after FOMC - BBH

  5. Forex News

    EUR/USD hits fresh lows under 1.1000 after Fed statement

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!