• EUR/USD flat, low vol backdrop prompts narrow range (1.0735-57)

• 200-DMA (1.0795) remains a stumbling block. Break would entice bulls

• Abundance of EUR/USD option expiries around 1.0750 may have a pinning effect

• Thus, the pair may continue to trade close to current levels

• Slew of Fed speakers (Jefferson, Collins, Cook) unlikely to move the needle

• Narrative vacuum until U.S. CPI (May 15) can see tight ranges hold

• EUR/USD also fairly valued relative to EZ/US yield spreads

For more click on FXBUZ