Uncommitted on EUR/USD - OCBC

FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, remains uncommitted on picking what side to favour in EUR/USD,given the recent whipsaws in the pair.

Key Quotes

"Apart from the German Ifo later today, the ECB’s Draghi is due to make an appearance with markets expected to be on the lookout for any further mention of the EUR. In the interim, we remain uncommitted to the EUR-USD and support for the pair is expected on dips towards the 55-day MA (1.3782) while 1.3850 may continue to cap."