Forex Seasonality in the Euro/US Dollar

Published October 1st, 2008 - 08:03 GMT
Al Bawaba
Al Bawaba

The EURUSD has remained effectively remained unchanged in the past 9 months of October, and it seems there is little seasonal trend in the heavily-traded currency pair. It remains in a range against the US dollar, but we forecast that a EURUSD short-term bounce is possible.