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Forex pairs in this Article » EUR/USD (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank feels that EUR/USD may be in line for a test of the 1.3800 ceiling.

Key Quotes

“With the ECB’s Mersch on Monday displaying no near term intent by the central bank to engage in further monetary accommodation, the EUR/USD may find enough resources to test towards the 1.3800 ceiling in the near term.”

“On the downside, a key psychological support is expected on dips to the 1.3700 and then 1.3650 area.”
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