Flash: EUR; Fed vs ECB - OCBC

FXstreet.com (London) - Emmanuel Ng, strategist at OCBC said with EURUSD data flow aside, they look to the interplay of Fed vs. ECB expectations to dictate the EUR’s near term fortunes and in the interim.

Key Quotes:

“…we continue to think that the risk-reward may favor a slightly heavier profile for the EUR/USD”.

“With the pair having sunk below its 55-day MA (1.3628), a further deterioration to 1.3500 cannot be discounted if the 100-day MA (1.3539) is violated”.