EUR/USD has been stuck in a trading range for the last few weeks despite a host of key economic developments during this time.
Recent data shows surging inflation and strong manufacturing coming out of Germany, while the US Fed is looking increasingly hawkish compared to their dovish European counterpart. One would expect this to lead to a number of trading opportunities for EUR/USD, yet the pair has remained relatively flat since mid-November.
Is it time for traders to look towards different currency pairs?
Our latest analyst article examines other forex pairs that might be providing better opportunities to trade the Euro: