14 May 2014
EUR/USD: Break of 1.37 exposes 1.3640 - OCBC
FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, notes that a decisive break below 1.37 would allow further bearish momentum in the EUR/USD.
Key Quotes
"Following the EUR negative headlines yesterday, April German and French CPI numbers are on tap today. As noted previously, if the 1.3700-1.3750 region is punctured, the potential to gather momentum may mount. Visible supports thereafter are expected towards 1.3640 before the 200-day MA (1.3625)."
Key Quotes
"Following the EUR negative headlines yesterday, April German and French CPI numbers are on tap today. As noted previously, if the 1.3700-1.3750 region is punctured, the potential to gather momentum may mount. Visible supports thereafter are expected towards 1.3640 before the 200-day MA (1.3625)."