Flash: Dovish ECB comments may dissuade EUR/USD spikes - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that several factors may have capped EUR/USD yesterday.

Key Quotes

“Softer than expected EZ Oct industrial output numbers also capped the EUR/USD on Thursday while the latest dovish remarks from the ECB’s Liikanen may also dissuade near term spikes in the pair.”

“As such, the pair may continue to be repelled by the 1.3800 ceiling in the interim and if 1.3740 caves, look for a drift south towards 1.3700.”