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8 Jan 2014
Flash: EUR/USD sell rally favoured - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank is in favour of a EUR/USD sell rally ahead of the ECB tomorrow.
Key Quotes
“The EUR garnered marginal support from EZ data releases (German retail sales, labor market numbers plus sufficiently stable EZ CPI readings).”
“Ahead of the ECB tomorrow, we remain in favor of a sell rally stance for the pair and the 55-day MA (1.3623) may continue to serve as an anchor in the interim.”
Key Quotes
“The EUR garnered marginal support from EZ data releases (German retail sales, labor market numbers plus sufficiently stable EZ CPI readings).”
“Ahead of the ECB tomorrow, we remain in favor of a sell rally stance for the pair and the 55-day MA (1.3623) may continue to serve as an anchor in the interim.”