Flash: EUR/USD to watch German ZEW - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that in addition to the dollar trade, look also to the German Sep ZEW today for domestic cues.

Key Quotes

“In the interim, the EUR/USD may remain on a supported posture although excessive upside may be capped by sporadic attempts by the ECB (e.g., Draghi yesterday) to temper and talk down rate expectations.”

“Immediate resistance is expected towards 1.3400 before 1.3450 while key support multi-session is expected at around 1.3240 before the 55-day MA (1.3214).”