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Flash: EUR/USD unmoved by fundamental rumbles – OCBC Bank

FXstreet.com (Barcelona) – Emmanuel Ng of OCBC Bank notes that EUR/USD has been resilient in the face of fundamental developments.

Key Quotes

“Faint rumblings of Italian political tensions and the disappointing US durable goods orders failed to shake the EUR/USD out of its recent ranges.”

“Today, immediate focus may be on the Aug German Ifo with the EUR-USD still attempting to brush up against the 1.3400 ceiling.”

“Beyond this resistance, expect some headwinds towards 1.3450 and then 1.3520.”
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