There was a blistering trend in EUR/USD for most of 2021 and through the first nine months of 2022. And then there was a strong and decisive 50% retracement of that trend in the three months that followed. But, since then, it’s been range-bound behavior for the world’s most popular currency pair and we’re now nearing an 18th month of that mean-reverting backdrop. While the two economies haven’t grown in lock-step, there’s been a proclivity for each central bank to retain a similar view as the other. And if we think about the consequences of currencies, it can make sense as to why. If the Euro goes on an extended ... (full story)