1 Aug 2013
Flash: EUR/USD supported ahead of ECB - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank believes that EUR/USD is set to be supported into todays ECB meeting and rate decision.
Key Quotes
“Pre-FOMC, the EUR was also boosted by a better than expected July German unemployment reading and the EUR/USD may remain continue to remain supported after the latest Fed outing.”
“If the 1.3300 resistance is breached meaningfully, expect an ascent towards 1.3400/40 as although any untoward bearishness.”
Key Quotes
“Pre-FOMC, the EUR was also boosted by a better than expected July German unemployment reading and the EUR/USD may remain continue to remain supported after the latest Fed outing.”
“If the 1.3300 resistance is breached meaningfully, expect an ascent towards 1.3400/40 as although any untoward bearishness.”