What’s in store for EUR/USD today? – Commerzbank and Danske Bank

Pablo Piovano FXStreet

FXStreet (Edinburgh) - EUR/USD remains stuck in the 1.1360 area on Friday pending news from the Greek events and focused on the flash PMIs due in the euro region.

“While political risk premia and ECB QE will likely continue to weigh on the EUR in the short- to medium term, we expect a eurozone recovery to drive a EUR rebound in H2”, suggested Flemming Nielsen, Senior Analyst at Danske Bank.

Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the pair “is sidelined but remains bid in its range… For now we will maintain a slight upside bias. Longer term we remain negative”.

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Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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