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."



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