EUR/USD: Risk remains fir further losses - OCBC

By FXstreet.com | Updated August 05, 2014 AAA

FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, notes of significant risks of EUR/USD becoming unhinged from the 1.340 support, with 1.3450 topside shelter.



Key Quotes



"Despite supportive EZ retail sales numbers, the soggy PMIs continued to keep the EUR under the weather and we think the risk of the pair becoming unhinged from the 1.3400 support remains significant as dovish expectations surrounding the ECB continue to circulate. Meanwhile, 1.3450 should provide topside shelter on any up ticks."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Investing

    EUR/USD Breaks Higher During Friday Trading

  2. Forex News

    EUR/USD Technical Analysis: Inching Toward Range Resistance

  3. Forex News

    EUR/USD testing highs near 1.0875

  4. Forex News

    EUR/USD: 1.1000 key for reversal – Vladimir Mihaylov

  5. Forex News

    Barclays: Remain short EUR/USD - eFXnews

Trading Center