Standard Bank: euro / dollar can make a breakthrough

Standard Bank analysts expect the pair euro / dollar will break. Of course, summer - it vyalaya time, resulting in the euro / dollar is now trading in a narrow range of 1.3750 - 1.4330. However, the bank believes that this situation will change soon. Standard Bank currency strategists note that the current circumstances just create the preconditions for a breakthrough band. Thus, a pair of Euro / dollar will break, and, most likely, this breakthrough will be negative for the U.S. currency. According to analysts the bank, the euro / dollar is likely to reach a level of 1.48. At this time, a pair of Euro / dollar traded at around 1.4234.