Flash: EUR/USD looks trapped between ECB and Fed - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank feels that EUR/USD is at a juncture where it is saddled between the ECB and the Fed.

Key Quotes

“The EUR/USD may continue to hug its 55-day MA (1.3509) ahead of today’s German ZEW reading with the pair seen bordered by a 1.3420-1.3550 range.”

“At this juncture, the pair may remain trapped with by the ECB’s dovish stance balanced with a still somewhat tone from Fed commentary.”