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- EUR/USD: Bears target for a sustained run below 1.1300 – OCBC
EUR/USD: Bears target for a sustained run below 1.1300 – OCBC
EUR/USD still broadly retains a downside bias despite the recent consolidation on either side of 1.1300. Economists at OCBC expect the pair to stage a sustained move below the 1.1300 level.
Focus on medium-term downside
“Some signs of front-end riskies moving in favour of EUR calls ahead of the central bank decisions this week, but the medium-term downside bias should be unchanged.”
“Expect 1.1380/00 to cap bounces while bears target for a sustained run below 1.1300.”
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