EUR/USD has the 1.1480/00 zone in its crosshairs – OCBC

EUR/USD is trading in a tight range below 1.1450. Economists at OCBC bank expect the world's most popular currency pair to test the 1.1480/1.1500 area.

Support located at 1.1400

“The market’s attempt to price in more hawkish ECB expectations is making us more positive on the EUR in the medium term, and perhaps looking for upside in EUR-crosses in the near term.”

“Expect the EUR/USD to continue eyeing the 1.1480/00 zone.”

“Support is higher at 1.1400.”