Lookout for Draghi’s speech - OCBC Bank

FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank feels today’s ECB speech may provide guidance to the range-trading EUR/USD pair.

Key Quotes

"Disappointing preliminary November PMIs on Thursday did not materially dent the EUR-USD with the pair ending just off its previous close. Look potentially towards ECB rhetoric later today to provide further guidance, with a familiar 1.2450-1.2600 range expected to prevail in the interim."