FXstreet.com (Córdoba) - While the fundamentals remain bearish for EUR/USD "it is important to acknowledge that the newsflow has been positive over the last two weeks", says the Deutsche Bank team. "Both the Greek election and the Spanish bank recapitalization have removed some of the extreme tail risks for the summer".
"We don't anticipate a game changing June 28th EU summit, and with positioning a constraint to the downside and poor fundamentals similarly to the upside, the next few weeks may see tighter ranges", they add.
"We don't anticipate a game changing June 28th EU summit, and with positioning a constraint to the downside and poor fundamentals similarly to the upside, the next few weeks may see tighter ranges", they add.
