Forex Flash: EUR/USD would keep the 1.26-1.33 range – Scotiabank
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EUR/USD
FXstreet.com (Barcelona) - The single currency remains 'parked' around the key resistance at 1.3100 at the beginning of the trading week, retracing some gains after today's highs in the vicinity of 1.3115.
In the opinion of Camilla Sutton, Chief Currency Strategist at Scotiabank, "This week's focus will be on Thursday's ECB meeting, where the central bank is expected to leave interest rates on hold, but President Draghi's press conference is likely to be relatively dovish and focus on the potential launch of the OMT as well as the likelihood of negative rates. We expect EUR to trade contained within a relatively broad range of 1.26 to 1.33, but to struggle to break out".
In the opinion of Camilla Sutton, Chief Currency Strategist at Scotiabank, "This week's focus will be on Thursday's ECB meeting, where the central bank is expected to leave interest rates on hold, but President Draghi's press conference is likely to be relatively dovish and focus on the potential launch of the OMT as well as the likelihood of negative rates. We expect EUR to trade contained within a relatively broad range of 1.26 to 1.33, but to struggle to break out".
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