Flash: EUR/USD capped by dovish ECB talk – OCBC Bank

FXstreet.com (Barcelona) – Emmanuel Ng, FX Strategist at OCBC Bank notes that persistent dovish ECB rhetoric may keep the topside of the EUR/USD intact for now.

Key Quotes

“The 55-day MA (1.3537) (provides) a first resistance ahead of 1.3550. Meanwhile, initial support is seen towards 1.3500 before 1.3480.”

“Look towards EZ inflation numbers on Friday, with the previous reading tripping the common currency lower.”
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