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    EUR/USD mired in its range - SocGen Sandeep Kanihama

    Research Team at Societe Generale, suggests that as central bank activism should slow in H2, EUR/USD is unlikely to break its range and volatility is set to fall.Key Quotes“Not only should the risk premium in the FX market fall, but the environment will not support the emergence of new trends. In particular, we expect EUR/USD to stay confined within the large 1.05-1.16 range holding since March 2015.Volatility peaked during the euro fall that began in 2014, but though the range was relatively turbulent initially, EUR/USD realised volatility is now going down. The market can’t keep buying volatility in a trendless market and with limited central banks shifts expected in the coming months.”

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