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 Technical Analysis: Sellers Overcome 1.10 Figure

  2. Forex News

    Trading Video: Not a Clean Break for EURUSD or EURJPY

  3. Forex News

    Video: The Return of the Carry Trade...After a Market Retrenchment

  4. Forex News

    Greenback bullishness underpinned in CFTC report - Scotiabank

  5. Forex News

    EUR/USD dipping into very negative territory

Trading Center