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12 Jun 2014
EUR/USD a sell on rallies - OCBC
FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, expects EUR/USD to continue on a 'sell on rallies' type of profile this Thursday.
Key Quotes
"Going ahead, the pair may remain a sell-rally proposition with German Chancellor Merkel stating that the ECB’s latest move an indication that the European financial crisis has not been entirely overcome. Look to the 1.3600 ceiling to prevail in the interim while the 1.3500 floor may continue to beckon."
Key Quotes
"Going ahead, the pair may remain a sell-rally proposition with German Chancellor Merkel stating that the ECB’s latest move an indication that the European financial crisis has not been entirely overcome. Look to the 1.3600 ceiling to prevail in the interim while the 1.3500 floor may continue to beckon."