Flash: EUR/USD consolidates as ECB considers another LTRO launch - OCBC Bank

FXstreet.com (Athens)- Emmanuel Ng of OCBC Bank, says that we expect more consolidative behavior from the EUR/USD after the latest ECB comments and less than sterling data releases.

Key Quotes

“Expect more consolidative behavior from the EUR-USD after the latest ECB comments and less than sterling data releases. The pair may find resistance towards the 1.3525 vicinity for now and support after 1.3450 may be expected at 1.3400 for now.”

EUR/USD ripe for a test of 1.3500?

After bottoming out near 1.3460 overnight, the EUR/USD gathered steam and is now attempting another assault on the key 1.3500 handle on Wednesday...
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