Euro Technical Analysis: EUR/USD Ranges into Core PCE, Euro Elections

From forex.com

There was a blistering trend in EUR/USD for most of 2021 and through the first nine months of 2022. And then there was a strong and decisive 50% retracement of that trend in the three months that followed. But, since then, it’s been range-bound behavior for the world’s most popular currency pair and we’re now nearing an 18th month of that mean-reverting backdrop. While the two economies haven’t grown in lock-step, there’s been a proclivity for each central bank to retain a similar view as the other. And if we think about the consequences of currencies, it can make sense as to why. If the Euro goes on an ... (full story)