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25 Feb 2013
Forex Flash: Short EUR/USD - OCBC Bank
Emmanuel Ng of OCBC Bank comments that he recently went short EUR/USD.
He writes, “We look to a short EUR-USD (spot ref Monday: 1.3177) targeting 1.2910 with a stop placed at 1.3315. EZ news flow is expected to continue to keep the markets tentative in the coming sessions with Italian political headlines on tap while the background economic landscape remains somewhat uncertain.”
He writes, “We look to a short EUR-USD (spot ref Monday: 1.3177) targeting 1.2910 with a stop placed at 1.3315. EZ news flow is expected to continue to keep the markets tentative in the coming sessions with Italian political headlines on tap while the background economic landscape remains somewhat uncertain.”