21 Nov 2013
Flash: EUR/USD may test downside ahead - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank believes that EUR/USD may continue to test towards the downside.
Key Quotes
“EZ November PMIs are due to be released today but after having failed to over come the 55-day MA (1.3519), the EUR-USD may instead test towards 1.3400 before 1.3385.”
“Structurally, the FOMC minutes overnight again brings into focus the perceived divergence between the Fed and the ECB and this should keep the pair top heavy.”
Key Quotes
“EZ November PMIs are due to be released today but after having failed to over come the 55-day MA (1.3519), the EUR-USD may instead test towards 1.3400 before 1.3385.”
“Structurally, the FOMC minutes overnight again brings into focus the perceived divergence between the Fed and the ECB and this should keep the pair top heavy.”