EUR/USD a sell on rallies - OCBC

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, expects EUR/USD to continue on a 'sell on rallies' type of profile this Thursday.



Key Quotes



"Going ahead, the pair may remain a sell-rally proposition with German Chancellor Merkel stating that the ECB’s latest move an indication that the European financial crisis has not been entirely overcome. Look to the 1.3600 ceiling to prevail in the interim while the 1.3500 floor may continue to beckon."



You May Also Like

Related Forex Analysis
  1. Forex News

    Greece: Syriza leading polls, EUR to open down

  2. Forex News

    Weekly Trading Forecast: Will Fed and Greek Elections Keep FX Volatility Boiling

  3. Forex News

    Dollar and S&P 500 Traders Hold Breath for Fed Decision

  4. Forex News

    Trading Video: EURUSD, EURJPY and EURGBP Ready for Greek Election

  5. Forex News

    Strategy Video: Euro Risks Are Not Extinguished by ECB Stimulus

Trading Center