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1 Oct 2013
Flash: The EUR/USD expectations? - OCBC
FXstreet.com (London) - Emmanuel Ng, strategist at OCBC notes some political risks to the EUR.
Key Quotes:
“The EUR/USD managed to shake off background Italian political uncertainty (note reports indicating as many as 20 Senators were seen breaking away from Berlusconi’s party – averting a political deadlock) and rebounded from early lows to end essentially even against the dollar on Monday”.
“Expect the EUR-USD to be a tad supported in the interim with resistance levels still expected towards 1.3560/80 while supports are expected on dips towards 1.3500 and then 1.3450”.
Key Quotes:
“The EUR/USD managed to shake off background Italian political uncertainty (note reports indicating as many as 20 Senators were seen breaking away from Berlusconi’s party – averting a political deadlock) and rebounded from early lows to end essentially even against the dollar on Monday”.
“Expect the EUR-USD to be a tad supported in the interim with resistance levels still expected towards 1.3560/80 while supports are expected on dips towards 1.3500 and then 1.3450”.