Will EUR/USD Break Out of Narrow Trading Range?
- EUR/USD has traded in a narrow 1.04-1.25 range the last six years.
- U.S., European economies diverged after moderate growth from 2015-2020.
- U.S. budget deficit has widened to 20% of GDP, double that of Europe.
- Core inflation has soared in U.S., while easing in eurozone to 0.7%.