EUR/USD risks a visit to 1.0850 – OCBC

FXStreet (Edinburgh) - FX Strategist at OCBC Bank Emmanuel Ng sees the likeliness of the pair to test the mid-1.0800s.

Key Quotes

“The latest FOMC statement set against dovish comments from the ECB (Coeure, Constancio, Praet) may continue to sink the EURUSD, with the slew of EZ confidence indicators and German CPI readings potentially another headline risk today”.

“After having violated 1.1000, the pair may be at risk of re-visiting 1.0850 in the near term”.