Flash: EUR/USD eyes on EONIA - OCBC

FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that while tighter short term money market conditions have tightened (EONIA), markets may continue to expect the ECB to maintain a dovish stance going ahead.

Key Quotes

“Meanwhile, German Jan ZEW readings are due today while from a technical perspective, the continued softness of the EUR on the crosses may portend sustained heaviness of the common currency against the USD.”

“Upside resistance is expected at 1.3565, and then at the 55-day MA (1.3614), while initial support is seen towards 1.3515.”