EURUSD to orbit the 1.1200 neighbourhood – OCBC Bank

Sandeep Kanihama FXStreet Contributor

Emmanuel Ng, Research Analyst at OCBC Bank, expects the EUR-USD to orbit the 1.1200 neighbourhood and retains a bias to collect into dips towards 1.1150/75.

Key Quotes

“Short term implied valuations have consolidated lower and we note the pair is still slightly north of its implied confidence intervals – leaving space for a further capitulation lower in during the current session.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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