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19 Mar 2014
Flash: EUR/USD key levels - OCBC
FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, shares some brief comments on the EUR/USD ahead of the FOMC.
Key Quotes
"The EUR-USD was initially hampered by a disappointing German march ZEW reading but the pair managed a subsequent recovery to end slightly higher on the day as Ukraine tensions eased slightly."
"Near term, our view on the pair remains unchanged and expect initial resistance around 1.3970 while support may emerge around the 1.3900/15 area."
Key Quotes
"The EUR-USD was initially hampered by a disappointing German march ZEW reading but the pair managed a subsequent recovery to end slightly higher on the day as Ukraine tensions eased slightly."
"Near term, our view on the pair remains unchanged and expect initial resistance around 1.3970 while support may emerge around the 1.3900/15 area."