9 Jul 2014
What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank
FXStreet (Edinburgh) - The EUR/USD is looking to cement the recent break above the 1.3600 handle against the backdrop of low volatility and expectations for today’s FOMC minutes.
In the opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair “is seeing a slight recovery, however this has been minor and our outlook remains negative, the intraday rebound is indicated to terminate circa 1.3630”.
On the other hand, FX Strategist Emmanuel Ng at OCBC Bank added, “In the near term, the EUR-USD may continue to coast along (i.e., largely neutral) with the 200-day MA (1.3678) up top while the floor at 1.3530 still remains unchallenged”.
In the opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair “is seeing a slight recovery, however this has been minor and our outlook remains negative, the intraday rebound is indicated to terminate circa 1.3630”.
On the other hand, FX Strategist Emmanuel Ng at OCBC Bank added, “In the near term, the EUR-USD may continue to coast along (i.e., largely neutral) with the 200-day MA (1.3678) up top while the floor at 1.3530 still remains unchallenged”.