EUR/USD seen around 1.1300 in the near term – Danske Bank

Chief Analyst at Danske Bank Christin Tuxen sees the pair meandering around 1.1300 in the short term.

Key Quotes

“In majors, market will keep an eye on the ECB’s Praet today for any additional hints on the outlook for ECB policy”.

“Note that the market has already added EUR longs after Draghi’s speech last week, which means that hawkish comments are unlikely to push EUR much higher. We look for EUR/USD to trade in a range of around 1.13 on 1-3M”.