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Forex pairs in this Article » EUR/USD (Barcelona) - Emmanuel Ng of OCBC Bank is neutral EURUSD at this juncture after the pairs recent run and investors raising questions about the viability of a further run up in the near term.

He sees that initial support is expected around the daily 55 MA at 1.3253, before the psychological 1.3200 level. He feels that the continued dissonance amongst European officials with respect to the EUR may leave the pair adrift in the near term with the Italian elections also looming at the end of the month. He writes, "Meanwhile, we continues to expect a certain degree of vulnerability for the GBP and the AUD against the dollar, with the former still seen fragile on the back of its macro/monetary outlook while the latter may remain the target of potential unwinding in favour of the EUR."
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