18 Feb 2015
What’s in store for EUR/USD today? – Commerzbank and OCBC Bank
FXStreet (Edinburgh) - EUR/USD remains in the 1.1400 neighbourhood pending news from Greece and the FOMC minutes due this evening in Europe.
Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested “. Currently while above 1.1262 the market remains capable of another run up to 1.1520/34 (23.6% retracement of the move down from October 2014)… For now we will maintain a slight upside bias. Longer term we remain negative”.
In addition, FX Strategist at OCBC Bank Emmanuel Ng, noted, “We retain a
neutral to supported profile for the pair in the near term pending further headline flow into the end of the week with the pair expected to continue to bounce within a 1.1300-1.1500 band in the interim”.
Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested “. Currently while above 1.1262 the market remains capable of another run up to 1.1520/34 (23.6% retracement of the move down from October 2014)… For now we will maintain a slight upside bias. Longer term we remain negative”.
In addition, FX Strategist at OCBC Bank Emmanuel Ng, noted, “We retain a
neutral to supported profile for the pair in the near term pending further headline flow into the end of the week with the pair expected to continue to bounce within a 1.1300-1.1500 band in the interim”.