7 May 2014
EUR/USD outlook bullish - OCBC
FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, has adopted a bullish outlook in the EUR/USD after Tuesday's price action.
Key Quotes
"After overnight price action, we look to a more bullish slant for the pair if the ECB on Thursday remains less than strident in threatening monetary accommodation in the wake of EUR strength. Immediate resistance is expected into 1.3940/50 before 1.3970 while the new base line may be tentatively at 1.3900."
Key Quotes
"After overnight price action, we look to a more bullish slant for the pair if the ECB on Thursday remains less than strident in threatening monetary accommodation in the wake of EUR strength. Immediate resistance is expected into 1.3940/50 before 1.3970 while the new base line may be tentatively at 1.3900."