23 Aug 2013
Flash: EUR/USD bounced off intraday lows - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that EUR/USD bounced off intra-day lows near the 1.3300
neighborhood to end near the 1.3350 area.
Key Quotes
“The common currency garnering initial strength following positive vibes from the plethora of EZ PMIs and rising bund yields blunting dollar strength.”
“Any surprises from the German GDP numbers today may see the EUR attempting to resist any potential dollar strength. In the interim, expect a familiar range to persist, with resistance levels with 1.3400 expected to cap for now while dips towards 1.3300 may find initial support.”
neighborhood to end near the 1.3350 area.
Key Quotes
“The common currency garnering initial strength following positive vibes from the plethora of EZ PMIs and rising bund yields blunting dollar strength.”
“Any surprises from the German GDP numbers today may see the EUR attempting to resist any potential dollar strength. In the interim, expect a familiar range to persist, with resistance levels with 1.3400 expected to cap for now while dips towards 1.3300 may find initial support.”