Expect EUR/USD To Trade 1.5830-1.5940

Forex News Expect EUR/USD to trade in range with modest upside bias, say BNP Paribas FX strategists. BNP notes signs of firmness in U.S. economy and warnings of euro zone slowdown largely being ignored at present, with focus mostly on ECB hawkish rhetoric. EUR curve "is likely to remain flat as the ECB shows little concern over growth." Expect 1.5830-1.5940 range. "Our preferred scenario suggests a test of 1.5940 followed by a break lower." Pair last 1.5919.