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Forex Flash: Expect EUR/USD to revisit 1.3100 – OCBC Bank

By FXstreet.com,  January 03, 2013, 06:42:00 AM EDT

FXstreet.com (Barcelona) - The analysts at OCBC Bank note that the disappointing Eurozone PMIs tempered optimism towards the Euro at the start of the new year.

They also note that the pair failed, for the second time, to overcome the 1.3300 handle. Therefore they are expecting this level to serve as a near term resistance in the interim with support expected to emerge around 1.3130-00.




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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