EUR/USD: Support at 1.34 an important junction - OCBC

By FXstreet.com | Updated August 04, 2014 AAA

FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, notes that the 1.3400 support in EUR/USD may continue to be viewed as a potential junction ahead of the ECB.



Key Quotes



"Ahead of the ECB on Thursday, the EUR-USD will have to contend with the stream of services/composite PMIs during the LDN session. Multi-session, the 1.3400 support may continue to be viewed as a potential junction pending the ECB this week while markets may fade any uptick towards 1.3475 at this juncture."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Investing

    EUR/USD Falls During Wednesday Trading

  2. Forex News

    EUR/USD hovers around 1.1300, German labour report in focus

  3. Forex News

    EUR/USD failure to break above 1.1320/15 – DayTradeIdeas

  4. Forex News

    EUR/USD steadies below 1.1300 post FOMC, German CPI eyed

  5. Forex News

    Euro May Overlook Soft German CPI Data, Swiss Franc Under Fire

Trading Center