FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, shares his view on the EUR/USD, noting that EUR/USD is still expected to be stuck on neutral around 1.3600.



Key Quotes



"The ECB’s Draghi is scheduled to speak today while the EUR-USD is still expected to be stuck on neutral around the 1.3600 neighborhood."



"The 200-day MA up top (1.3678) remains unthreatened while 1.3575 may support on near term dips."



"On the CFTC front, leveraged EUR shorts increased in the latest week with ECB rhetoric still sufficiently dovish."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD to weaken further, EUR/GBP sub-0.70 – Westpac

  2. Forex News

    EUR/USD flat near 1.1080, NFP eyed

  3. Forex News

    Trade Setups in USD-pairs Around June US NFPs

  4. Forex News

    EUR/USD steadies around 1.1075

  5. Forex News

    EUR/USD: below 1.0819 will expose further downside – KBC

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!