EUR/USD: outlook remains constructive – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 15, 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 there is still room for EUR/USD to test the 1.1560 area.

    Key Quotes

    “We remain constructive for further upside in the pair if USD weakness continues to be pervasive multi-session”.

    “Further data risks may be expected from the US CPI readings later today. If 1.1500 is breached, expect little in the way of resistance till 1.1560”.
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