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Forex Flash: EUR/USD may look for 55 MA comfort – OCBC Bank

By FXstreet.com,  January 09, 2013, 04:16:00 AM EDT

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank has offered his daily outlook on EUR/USD´s prospects for the day ahead.

He feels that the pair tripped below 1.3100 by late NY, despite some encouragement from the slew of confidence indicators. He writes, "Looking ahead the EUR-USD may seek comfort towards its 55-day MA (1.2992) pending further news flow with little compunction to test towards the 1.3200 resistance just yet."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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