EUR/USD (Danske Bank) : The Euro could back into his range with the speech of Draghi this week

Danske Bank believes that EUR/USD is expected to decline on the Forex in the short term with the speech from Draghi.

«The recent positioning data show a slight decrease of buying positions on the Euro. This is in line with our view that the market is positioned for a dovish stance from Draghi this week.

This should weigh on EUR/USD from current levels, and we continue to anticipate an evolution in the range 1.15-1.20 in the short term. «

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