Forex
Home›Forex›Major Pairs›EUR/USD consolidates in a range as traders await US da…
EUR/USD consolidates in a range as traders await US data
Societe Generale said EUR/USD has retraced half of its drop from above 1.20 to 1.1325 and is capped by shifting growth expectations between the US and the Eurozone.
Societe Generale analyst Kit Juckes said EUR/USD has retraced half of its earlier decline, moving from above 1.20 down to 1.1325, and is now stuck in a trading range as investors wait for fresh US economic data, according to FXStreet.
Juckes pointed to a narrowing outlook gap, noting that 2026 US growth forecasts were revised down to 2.1% while Eurozone forecasts were raised to 0.8%, with relative rates expected to track relative growth.
The FXStreet report also framed the broader environment as cautious ahead of key upcoming developments, leaving the pair unable to break out of its current range.
Latest closeEUR/USD 1.157 ▲0.4%