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13 Sep 2013
Flash: EUR/USD neutral on 1.3350 cap – OCBC Bank
FXstreet.com (Athens) - Emmanuel Ng of OCBC Bank is neutral on EUR/USD in the near term.
Key Quotes
“We stay neutral on the EUR-USD in the interim with 1.3350 likely to cap on the back of Draghi’s latest remarks while the 55-day MA (1.3209) may continue to provide a useful downside reference point.”
“Elsewhere, the EUR-GBP remains skating above the 0.8400 floor amid a still heavy posture.”
Key Quotes
“We stay neutral on the EUR-USD in the interim with 1.3350 likely to cap on the back of Draghi’s latest remarks while the 55-day MA (1.3209) may continue to provide a useful downside reference point.”
“Elsewhere, the EUR-GBP remains skating above the 0.8400 floor amid a still heavy posture.”