Ella 
EUR/USD appears to have weathered the worst of the US bond sell-off with relative ease (barring a new volatility peak), suggesting that the market remains reluctant to abandon a cyclical currency like the euro in the current market environment (although the Eurozone deteriorating economic outlook), and given that the market now expects the Fed to end monetary tightening, the scope for a sharp recovery in the dollar remains slim.
We have warned our readers that August is likely to be a directionless month for EUR/USD: circumstances may change (e.g. developments in the Russia-Ukraine conflict should be closely watched), but so far we have not received any strong There are signs that EUR/USD may deviate significantly from the 1.09-1.11 range this month.
