Flash: Markets may fade EUR/USD upside ahead of FOMC - OCBC

FXstreet.com (Bali) - According to Emmanuel Ng, FX Strategist at OCBC Bank, key support for the EUR/USD is a 1.3626.

Key Quotes

"Following the price action yesterday, the near term outlook for the pair may be turning slightly neutral if the 1.3700 ceiling is breached. Meanwhile, downside support is expected towards the 55-day MA (1.3626) and markets may continue to fade upside moves in the EUR-USD ahead of the FOMC next week."