Forex Flash: EUR/USD still looks generally range bound - TD Securities

FXstreet.com (Córdoba) - EUR/USD still looks generally range bound despite last week's rate cut and mixed messaging from the ECB, according to the TD Securities team. "Overnight price action was particularly narrow, and with a lack of momentum and a dearth of clear catalysts in the coming days, more range trading should remain the prevailing trend".

"The pair is currently sitting in the middle of the broad range between the upper 1.29 area lower 1.32s that has held for a month now, and price action is tilted slightly toward a test of the bottom side of the range", they added.