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Forex pairs in this Article » EUR/USD (Barcelona) - Emmanuel Ng of OCBC Bank note that the Aug German Ifo is due on Tuesday and may potentially provide further support for EUR/USD.

Key Quotes

“Recent comments from Bundesbank officials also steering away from being excessively bearish on interest rates.”

“On the CFTC front, net speculative EUR longs were increased in the latest week and the pair may seek to consolidate pending further cues from both sides of the Atlantic.”

“Beyond the 1.3400 ceiling, the expect the EUR/USD to run into some headwinds circa 1.3450 and then at 1.3520.”
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