Flash: EUR/USD eyes ECB – OCBC

FXstreet.com (London) - Emmanuel Ng, Strategist at OCBC said they continue to stay constructive on the EUR/USD with the pair making the most of any USD wavering so far this week.

Key Quotes:

“Having cleared the 1.3200, little of consequence is expected in the resistance until 1.3300”.

“The ECB meeting next week is also expected to be pivotal, especially if Draghi reinforces a measured tone – potential negative for the EUR”.

USD/JPY collapses to 98.00

The Dollar continues with its decline against the Japanese Yen and after collapsing around 60 pips from 98.60 in the last few minutes, the USD/JPY has fallen to break the 98.20 key level and to test the 98.00 support, lowest since June 27th.
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