EUR/USD within the range of 1.04-1.10 in the near term — Danske Bank

Morten Helt, senior analyst head of Danske Bank, sees the pair gravitating within the range of 1.04-1.10 in the short-term.

Statements key

«The euro held most of its gains after the results of the first French presidential elections and the EUR/USD is still positioned above the level of 1.0850 this morning.»

«With the ECB widely expected to progress without surprises Thursday, we expect few changes for the EUR/USD pair short-term and are still searching for the range 1.04-1.10 in-1-3M».

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