Flash: EUR/USD top heavy near term - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank believes that EUR/USD looks top heavy at the moment.

Key Quotes

"Our view on the pair remains essentially unchanged with a top heavy posture, especially after the German ZEW readings yesterday.”

“It remains to be seen if the EUR/USD can overcome the 1.3565/75 range and failing which, a retracement back towards the 1.3510 neighbourhood cannot be discounted."