EUR/USD could see its decline limited – OCBC

FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, sees the downside in the pair as limited in the near-term.

Key Quotes

“EUR_USD may find limited downside beyond the short term with the ECB’s Praet warning against inaction with respect to further monetary accommodation in view of the still deteriorating inflation outlook”.

“In the interim, EUR-USD may be expected to base build in a 1.0600-1.0800 range pending further cues”.

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