EUR/USD Rate Outlook Mired by Failed Attempts to Test March High of clients are net short. Long News of clients are net short. Long News of clients are net short. Long News of clients are net short. Long News of clients are net short. Long News 2021-04-23 15:00:00 David Song, Strategist EUR/USD Rate Talking Points EUR/USD appears to be stuck in a narrow range as the European Central Bank (ECB) retains the current course for monetary policy, but the failed attempt to test the March high (1.2113) may push the exchange rate back within the descending channel from earlier this year as the Governing Council remains in no rush to switch gears.