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Flash: EUR/USD to roll on dollar gains as GBP/USD eased on Carney - OCBC Bank

FXstreet.com (Barcelona) – Emmanuel Ng of OCBC Bank notes that EUR/USD looks poised to roll over while GBP/USD eased initially on Carney.

Key Quotes

“The EUR/USD may look increasingly poised to roll over if the broad dollar continues to gain traction multi-session and a breach below 1.3300 would open the way to 1.3250.”

“Meanwhile, the 1.3400 ceiling may remain intact in the current environment.”

“The GBP/USD eased initially despite the BOE Carney‘s reiterating that the central bank would provide additional stimulus as needed.”

“With markets still pricing in a tightening relatively earlier than the BOE’s game plan, the pair …read more