EUR/USD: Further downside beyond 1.08 may now not be forthcoming – OCBC

Market news

15 March 2022

EUR/USD: Further downside beyond 1.08 may now not be forthcoming – OCBC

EUR/USD was last seen testing 1.10. The pair may gyrate within a wide 1.08 to 1.11 range pending the geopolitical headlines, economists at OCBC Bank report.

Potential for consolidation within the 1.08 to 1.11 range

“Geopolitics should still be the main driver for the EUR/USD. The outright negativity seems to have paused, with the focus shifting towards talks.”

“A near-term base at 1.08 could well be in place.”

“Potential for consolidation within the 1.08 to 1.11 range.”

Schedule for tomorrow, Wednesday, March 16, 2022

Commodities. Daily history for Monday, March 14, 2022

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