23 Jun 2014
EUR/USD may continue to bounce - OCBC
FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, notes that a sustained break above 1.3600-1.3650 neighborhood may neutralize our inherent heavy bias for the pair.
Key Quotes
"Of note this week will be the June German Ifo on Tuesday and the plateful of EZ confidence indicators on Friday after the stream of PMIs later today. As such, investors may have a fair bit to chew on, although they may continue to rely on primary guidance from ECB rhetoric."
"In the interim, the pair may continue to bounce within in a 1.3460-1.3720 range multi-session and a sustained break above the 1.3600-1.3650 neighborhood may neutralize our inherent heavy bias for the pair."
Key Quotes
"Of note this week will be the June German Ifo on Tuesday and the plateful of EZ confidence indicators on Friday after the stream of PMIs later today. As such, investors may have a fair bit to chew on, although they may continue to rely on primary guidance from ECB rhetoric."
"In the interim, the pair may continue to bounce within in a 1.3460-1.3720 range multi-session and a sustained break above the 1.3600-1.3650 neighborhood may neutralize our inherent heavy bias for the pair."