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28 Nov 2013
Flash: EUR/USD to remain neutral – OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank is expecting EUR/USD to remain neutral to supported.
Key Quotes
“Despite the updraft from the GBP, dovish ECB rhetoric may also continue to place a damper on excessive upside against the USD. “
“Look for initial support on dips around the 55-day MA (1.3548) while key resistance is expected on approach of 1.3600 ahead of the EZ inflation number tomorrow. “
Key Quotes
“Despite the updraft from the GBP, dovish ECB rhetoric may also continue to place a damper on excessive upside against the USD. “
“Look for initial support on dips around the 55-day MA (1.3548) while key resistance is expected on approach of 1.3600 ahead of the EZ inflation number tomorrow. “