Weaker EUR-USD levels likely in medium-term

US Federal Reserve's dovish members arebeing watched by the market participants until the FOMC's next meeting in December.

Not even Evans can be considered to be a classical dove any longer as, in his own words, even he is not predisposed to vote against a rate hike. So that means today's speeches are likely to confirm that doves are about to die out and that the first rate hike is likely to be on the agenda for December. 

"If anything US initial jobless claims, should they disappoint, are more likely to provide an opportunity to sell EUR/USD at higher levels as long term observations show that levels of 270,000 are not disconcerting", says Commerzbank. 

Market would be entering USD longs now, in many ways the reasons for a weak EUR/USD levels in the medium term cannot be overlooked easily.