EUR/USD to remain neutral

Emmanuel Ng, FX Strategist at OCBC Bank is expecting EUR/USD to remain neutral to supported.

Key Quotes

“Despite the updraft from the GBP, dovish ECB rhetoric may also continue to place a damper on excessive upside against the USD. “

“Look for initial support on dips around the 55-day MA (1.3548) while key resistance is expected on approach of 1.3600 ahead of the EZ inflation number tomorrow. “


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