Forex: EUR/USD should test lower end of range

Forex: EUR/USD should test lower end of range

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Forex: EUR/USD should test lower end of range - BBH

FITITOL--> FXstreet.com (San Francisco) - EUR/USD traded a choppy range between 1.3197 and 1.3261 on Thursday, touching a fresh 3-week high before pulling back to end trading in NY at 1.3137 vs. 1.3215 late Wednesday, gaining ground for a third consecutive day.

“In the week ahead, the US dollar is likely to remain in recent ranges but economic weakness and political uncertainties in the euro zone should see EUR/USD test the lower end of range near 1.30,” says the BBH Global Currency Strategy Team. “Indeed, a major political test takes place on 5/6 with France and Greece set to elect new leaders. The uncertainty of both political events should drive periphery bond yields higher and nudge the euro lower.”