30 Apr 2014
Flat outlook on EUR/USD - OCBC
FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, remains with a flat outlook on EUR/USD.
Key Quotes
"After softening on Tuesday on the back of the softer than expected German inflation and EZ confidence indices,, the EUR-USD may cling on to the 1.3800 region pending the EZ inflation readings (0900 GMT) today. We stay flat to supported in the interim with the 55-day MA (1.3797) expected to serve a s a near term support while 1.8880 should cap for now."
Key Quotes
"After softening on Tuesday on the back of the softer than expected German inflation and EZ confidence indices,, the EUR-USD may cling on to the 1.3800 region pending the EZ inflation readings (0900 GMT) today. We stay flat to supported in the interim with the 55-day MA (1.3797) expected to serve a s a near term support while 1.8880 should cap for now."