EUR/USD to move within a 1.0960 to 1.1140 trading range in the coming sessions – OCBC

EUR/USD’s dip below 1.10 was quickly reversed. Economists at OCBC Bank expect the pair to trade within a 1.0960-1.1140 range in the next few days.

Front-end yield differentials argue for further downside

“The quick reversals from levels above 1.11 and below 1.10 should reinforce the 1.0960 to 1.1140 trading range in the coming sessions.”

“Front-end yield differentials argue for further downside, but the still-hawkish ECB may hold the line on that front.”