EUR/USD seen within 1.04-1.10 near term – Danske Bank

Morten Helt, Senior Analyst at Danske Bank, sees the pair gravitating within the 1.04-1.10 range in the near term.

Key Quotes

“The euro maintained most of its gains following the results of the first French presidential election and EUR/USD still hovers above the 1.0850 level this morning”.

“With the ECB widely expected to progress without surprises on Thursday, we expect EUR/USD to be little changed near term and still look for the 1.04-1.10 range in 1-3M”.