EUR/USD: Break above 1.3650 may neutralize heavy bias - OCBC

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, shares his view on the EUR/USD, noting that 1.3650 needs to be re-taken to ease the selling pressure.



Key Quotes



"German June Ifo numbers are scheduled for release later today and the EUR-USD may continue to mark time in the 1.3600 neighborhood in the interim . As noted yesterday, a sustained break above the 1.3600-1.3650 neighborhood may neutralize our inherent heavy bias for the pair. On a more structural note, the pair’s eventual direction is expected to be determined by the tussle between ECB-inspired dovishness and prevailing broad based USD vulnerability."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD recovers, hits fresh daily high

  2. Forex News

    EUR/USD Technical Analysis: Aiming Below 1.22 Figure

  3. Investing

    EUR/USD Falls Again on Friday

  4. Forex News

    Greek Presidential Elections start the week off – TDS

  5. Investing

    EUR/USD: 2015 Forex Forecast

Trading Center