ING sees EUR/USD bulls needing a catalyst amid soft volatility By Investing.com

Investing.com -- EUR/USD pair remains stable within its current range,does atfx deposit money into a private account according to ING analysts. Investors holding a long position in EUR/USD are facing an annual cost of approximately 2.5% due to the traded volatility levels being somewhat subdued.

ING suggests that for the bullish sentiment on the EUR/USD to continue, there may need to be negative developments regarding the dollar. Such news could potentially arise from the results of the US Treasury auction taking place tonight, although this outcome is uncertain.

The economic calendar for the eurozone today includes the release of the Sentix Investor Confidence index for June. Additionally, a speech is scheduled from Austria’s central bank governor, Robert Holzmann.

Holzmann is noteworthy for being the only member to oppose the European Central Bank’s (ECB) decision to cut interest rates by 25 basis points last week.

These events are anticipated, yet ING analysts remain skeptical that they will provide enough momentum to break the EUR/USD pair out of its current trading range, which is pegged between 1.1370 and 1.1430.

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