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EUR/USD to stay in the recent tight range – Danske Bank

Analysts at Danske Bank do not expect any big news from the ECB, which in turn should keep EUR/USD in the recent tight range.

Key Quotes

“With ECB tightening pushed far out into the horizon, in the short term the market will be alert to QE and/or rate cut signals from ECB, which have the potential to lower EUR/USD to 1.10 short-term.”

EUR/USD Technical Analysis: Upside stalled near 1.1280. Initial target still at 1.1338

EUR/USD daily chart EUR/USD Overview Today last price 1.1269 Today Daily Change 18 Today Daily Change % 0.06 Today daily open 1.1262 Trends Daily SMA2
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Gold holds stable near 2-week tops, US macro data/FOMC minutes awaited

• The prevalent USD selling bias/weaker US bond yields continue to lend support. • Signs of stability in global financial markets seemed to keep a li
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