EUR/USD remains heavy near 1.10 – OCBC

FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, sees the pair keeping the heavy tone ahead of the FOMC meeting today.

Key Quotes

“Ahead of the FOMC, we stay heavy on the pair with the pivotal 1.1000 support in close proximity”.

“In the wake of Draghi’s comments late last week, any hint of additional hawkishness (or more realistically, a less dovish than expected tone) from the Fed may instigate a renewed test lower for the EUR-USD towards 1.0930”.