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16 Sep 2013
Flash: EUR/USD might be distracted by German elections - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that apart from the dollar story, German Parliamentary elections this weekend may also provide some distraction for the EUR.
Key Quotes
“The troika is also expected to begin its review win Portugal, Spain, and Cyprus.”
“In the interim, expect the EUR/USD to remain on a neutral to supported footing with net CFTC speculative EUR shorts being pared in the latest week.”
“Immediate resistance is expected towards 1.3400 before 1.3450 while key support multi-session is expected at around the 55-day MA (1.3214).”
Key Quotes
“The troika is also expected to begin its review win Portugal, Spain, and Cyprus.”
“In the interim, expect the EUR/USD to remain on a neutral to supported footing with net CFTC speculative EUR shorts being pared in the latest week.”
“Immediate resistance is expected towards 1.3400 before 1.3450 while key support multi-session is expected at around the 55-day MA (1.3214).”