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

By FXstreet.com | 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."



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY in no mood for deep decline; settled at 108.80
    Forex News

    USD/JPY in no mood for deep decline; settled at 108.80

  2. EUR/USD attempts to develop upside correction
    Forex News

    EUR/USD attempts to develop upside correction

  3. Pound has room to extend latest gains - JPMorgan
    Forex News

    Pound has room to extend latest gains - JPMorgan

  4. USD positioning largely unchanged in the lead-up to FOMC - ANZ
    Forex News

    USD positioning largely unchanged in the lead-up to FOMC - ANZ

  5. EUR/USD bears in full control - JPMorgan
    Forex News

    EUR/USD bears in full control - JPMorgan

Trading Center