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Forex Flash: EUR/USD to see near term upside – OCBC Bank

By FXstreet.com,  January 08, 2013, 06:24:00 AM EDT

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank has taken a look at EUR/USD´s prospects for the day ahead.

He notes that EUR made some headway against the dollar ahead of this week´s ECB. In the interim he is adhering to a top heavy posture for the pair with the nearest upside resistance expected at 1.3200. To the downside, the pair may find interim support around 1.3000, with the 55-day MA (1.2991) also in the vicinity. However, a breach beyond this level may open the way to the 200-day MA (1.2780) multi-session.




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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