4 Sep 2013
Flash: EU Data key for EUR/USD today - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank feels that the oncoming EU data holds the key for EUR/USD prospects over the coming days.
Key Quotes
“Look towards EZ services PMIs and GDP numbers today for further domestic cues before the ECB meeting tomorrow with the pair continuing to decay yesterday.”
“With the pair now having leaked below it 55-day MA (1.3188), the temptation for a move towards the 200-day MA(1.3146) may mount if the ECB proves sufficiently dovish on Thursday.”
Key Quotes
“Look towards EZ services PMIs and GDP numbers today for further domestic cues before the ECB meeting tomorrow with the pair continuing to decay yesterday.”
“With the pair now having leaked below it 55-day MA (1.3188), the temptation for a move towards the 200-day MA(1.3146) may mount if the ECB proves sufficiently dovish on Thursday.”