Nothing really new with the EUR/USD which continues to trade flat with market participants waiting for a major catalyst to make their decisions.
Even in a context of risk aversion as we saw over the last weeks, we didn’t see a huge sell-off on the Euro which means that the US Dollar is no longer considered as the preferred reserve currency. We have to take into account many factors to understand the EUR/USD behavior but we are not doing fundamental analysis by essence.
From a technical stand point, there is not much to say and we continue to stay on the sidelines.
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