10 Dec 2013
Flash: EUR/USD to test 1.3800? - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank feels that EUR/USD may be in line for a test of the 1.3800 ceiling.
Key Quotes
“With the ECB’s Mersch on Monday displaying no near term intent by the central bank to engage in further monetary accommodation, the EUR/USD may find enough resources to test towards the 1.3800 ceiling in the near term.”
“On the downside, a key psychological support is expected on dips to the 1.3700 and then 1.3650 area.”
Key Quotes
“With the ECB’s Mersch on Monday displaying no near term intent by the central bank to engage in further monetary accommodation, the EUR/USD may find enough resources to test towards the 1.3800 ceiling in the near term.”
“On the downside, a key psychological support is expected on dips to the 1.3700 and then 1.3650 area.”