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27 Nov 2013
Flash: EUR/USD to have a quiet end of week? - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank feels that EUR/USD might have a quiet run into the end of the week.
Key Quotes
“The EUR/USD may look increasingly neutral into the end of the week, especially ahead of the EZ CPI numbers on Friday and with the pair managing to lift clear above its 55-day MA (13542).”
“The next key visible resistance is expected towards 1.3600 but note that any further dovish rhetoric out of the ECB may place a damper on excessive upside expectations.”
Key Quotes
“The EUR/USD may look increasingly neutral into the end of the week, especially ahead of the EZ CPI numbers on Friday and with the pair managing to lift clear above its 55-day MA (13542).”
“The next key visible resistance is expected towards 1.3600 but note that any further dovish rhetoric out of the ECB may place a damper on excessive upside expectations.”