EUR/USD gains appear capped near 1.07 – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, sees occasional bullish attempts to falter around the 1.07 handle.

    Key Quotes

    “Despite cautionary comments from the Fed’s Evans overnight, EUR-USD retracements higher may continue to be tame heading into the ECB meeting tomorrow”.

    “The near term preference remains unchanged and the pair may remain heavy (note the volatility surface remains nervous in the short term) with imminent risks towards 1.0400 still a potential prospect while 1.0700 may continue to cap initial upticks”.
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