EUR/USD expected to hover around 1.36 - OCBC

FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, shares his view on the EUR/USD, noting that EUR/USD is still expected to be stuck on neutral around 1.3600.

Key Quotes

"The ECB’s Draghi is scheduled to speak today while the EUR-USD is still expected to be stuck on neutral around the 1.3600 neighborhood."

"The 200-day MA up top (1.3678) remains unthreatened while 1.3575 may support on near term dips."

"On the CFTC front, leveraged EUR shorts increased in the latest week with ECB rhetoric still sufficiently dovish."