FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, shares his view on the EUR/USD, noting that faint apprehension towards ECB discomfort towards the EUR may temper excessive upside.



Key Quotes



"EUR-USD may in the near term attempt to cling to its 200-day MA (1.3676) with the 55-day MA (1.3697) seen as an initial cap. While positive risk appetite levels may lend underlying support to the pair, faint apprehension towards ECB discomfort towards the EUR may temper excessive upside into the ECB meeting later this week. On the downside, support is seen towards 1.3650."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD deflated to 1.1008 ahead of EU summit

  2. Forex News

    EUR/USD year-end target at 1.05 – BNZ

  3. Investing

    EUR/USD Forex Signal July 07 2015

  4. Forex News

    EUR/USD forecast: focus on EU Summit – Commerzbank and UOB Group

  5. Forex News

    Euro, Yen Volatility Ahead as EU Officials Meet on Greece Crisis

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!