EUR/USD remains supported at 1.1171 – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - FX Strategist at OCBC Bank Emmanuel Ng noted the pair remains well supported in the 1.1170 area for the time being.

    Key Quotes

    “Disappointing Aug German factory orders (-1.8% mom) failed to deter broad dollar bearishness on Tuesday and the EUR-USD may attempt to garner further upside traction in the near term”.

    “Note the ECB’s Liikanen discouraging expectations of a tweak to the ECB’s QE program. Look towards 1.1330 while an interim floor is expected on dips towards the 55-day MA (1.1171)”.
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