6 Dec 2013
Flash: EUR/USD supported ahead of NFPs - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that after lifting above the 1.3600 level on Thursday, may see EUR/USD supported.
Key Quotes
The less dovish than expected ECB outcome may see the pair remaining supported on dips ahead of the US labor market numbers tonight.”
“An immediate ceiling is expected towards 1.3700 with supports at 1.3600 and then at the 55-day MA (1.3568).”
“We turn potentially constructive on the pair if the nonfarm numbers disappoint tonight.”
Key Quotes
The less dovish than expected ECB outcome may see the pair remaining supported on dips ahead of the US labor market numbers tonight.”
“An immediate ceiling is expected towards 1.3700 with supports at 1.3600 and then at the 55-day MA (1.3568).”
“We turn potentially constructive on the pair if the nonfarm numbers disappoint tonight.”