EURUSD to orbit the 1.1200 neighbourhood – OCBC Bank

Emmanuel Ng, Research Analyst at OCBC Bank, expects the EUR-USD to orbit the 1.1200 neighbourhood and retains a bias to collect into dips towards 1.1150/75.

Key Quotes

“Short term implied valuations have consolidated lower and we note the pair is still slightly north of its implied confidence intervals – leaving space for a further capitulation lower in during the current session.”