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- EUR/USD to trade between 1.1620 and 1.1670 ahead of ECB – OCBC
EUR/USD to trade between 1.1620 and 1.1670 ahead of ECB – OCBC
The market attention shifts towards the European central Bank (ECB) decision. Meanwhile the EUR/USD is supported within range. Economists at OCBC Bank expect the pair to move between 1.1620-1.1670.
Consolidation phase ahead of ECB meeting
“The tight 1.1620 to 1.1670 range for the EUR/USD may persist into the ECB decision, with firmer support/resistance levels at 1.1580/1.1700.”
“Our bias remains to be selling the pair on rallies.”
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