FXStreet (Edinburgh) - The EUR/USD is now clinging to the 1.3600 handle, looking to consolidate Monday’s pullback from highs around 1.3670.



In the opinion of Camilla Sutton, Chief FX Strategist at Scotiabank, “Technical studies have shifted to a more bullish outlook; however signals are generally weak. We expect EUR to be somewhat range bound in the near term before depreciating into year-end, with a Q414 target of 1.30”.



Emmanuel Ng, FX Strategist at OCBC Bank, added “The EUR-USD is essentially back at pre-ECB levels with the respective rate differential continuing to bolster the greenback. Weekend comments from the ECB’s Coeure and Noyer yesterday continue to bear a bearish flavor and the temptation may remain for the pair to depart from the 1.3600 handle towards 1.3530”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Do the Hours I Trade Matter? Yes - Quite a Bit.

  2. Forex News

    EUR/USD bearish bias into next week – BTMU

  3. Forex News

    EUR/USD: Disappointing US NFP fails to appease bulls – FXStreet

  4. Forex News

    EUR/USD returns to sub-1.1100 levels

  5. Forex News

    EUR/USD climbs further post-NFP

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!