Back
17 Apr 2014
What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank
FXStreet (Edinburgh) - The EUR/USD is flat-lining around the 1.3840 region on Thursday, looking to consolidate recent gains above 1.3800 the figure.
In the opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, “Intraday dips should remain well supported circa 1.3790. Key support is the 9 month support line at 1.3715 and the end of February low at 1.3643”.
In addition, Strategist Emmanuel Ng at OCBC Bank commented, “The EUR-USD may continue to remain moored around the 1.3800 neighborhood amid the overhang from the ECB’s jawboning capping the upside for the pair in the near term. Resistance is expected at the recent highs near 1.3900 while the 55-day MA (1.3757) may cushion on dips”.
In the opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, “Intraday dips should remain well supported circa 1.3790. Key support is the 9 month support line at 1.3715 and the end of February low at 1.3643”.
In addition, Strategist Emmanuel Ng at OCBC Bank commented, “The EUR-USD may continue to remain moored around the 1.3800 neighborhood amid the overhang from the ECB’s jawboning capping the upside for the pair in the near term. Resistance is expected at the recent highs near 1.3900 while the 55-day MA (1.3757) may cushion on dips”.