What’s the sentiment around the EUR/USD today? – OCBC Bank and Scotiabank

By FXstreet.com | June 09, 2014 AAA

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”.



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD recovering from Asian lows
    Forex News

    GBP/USD recovering from Asian lows

  2. USD/JPY mellow on the back of USD sell-off
    Forex News

    USD/JPY mellow on the back of USD sell-off

  3. Dollar Cheered in Press, But Data and Fed Chatter Turning
    Forex News

    Dollar Cheered in Press, But Data and Fed Chatter Turning

  4. EUR/USD Downside Targets Favored Ahead of ECB on Slowing Inflation
    Forex News

    EUR/USD Downside Targets Favored Ahead of ECB on Slowing Inflation

  5. US Dollar Technical Analysis: Is a Pullback in the Cards?
    Forex News

    US Dollar Technical Analysis: Is a Pullback in the Cards?

Trading Center