EUR/USD settles into a 0.9680-0.9740 range – OCBC

EUR/USD continues to move sideways near 0.9700 on Thursday. Analysts at OCBC Bank expect the world's most popular currency pair to trade in a 0.9680-0.9740 range. They also highlight the key technical levels to watch. 

Sideways

“Daily momentum is not indicating a clear bias while a decline in RSI moderated. Consolidative trades likely.”

“Support seen at 0.9650 and 0.9560 levels.”

“Resistance seen at 0.9820, 0.9890 and parity levels.”

“Intra-day look for a 0.9680-0.9740 range.”

See – EUR/USD: No upside potential for the time being – Commerzbank