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12 Feb 2014
Flash: EUR/USD eyes Draghi as Yellen sticks to script - OCBC Bank
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank feels that EUR/USD may look to Eurozone developments following Yellen’s decision to stick close to Bernanke’s text.
Key Quotes
“With the Fed’s Yellen not straying significantly from her predecessor’s playbook just yet, the market may have to look towards the EZ for further cues on the pair with the ECB’s Draghi is scheduled to speak at 1530 GMT. “
“Technically, the pair has failed to surpass its 55-day MA (1.3649) but interim support may surface around the 100-day MA (1.3612). Expect the market to remain slightly supported on dips.“
Key Quotes
“With the Fed’s Yellen not straying significantly from her predecessor’s playbook just yet, the market may have to look towards the EZ for further cues on the pair with the ECB’s Draghi is scheduled to speak at 1530 GMT. “
“Technically, the pair has failed to surpass its 55-day MA (1.3649) but interim support may surface around the 100-day MA (1.3612). Expect the market to remain slightly supported on dips.“