13 Jun 2014
What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank
FXStreet (Edinburgh) - The shared currency is trading on a former note at the end of the week, with the EUR/USD hovering over session highs near 1.3580.
In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, “Our overall view remain bearish while we are below 1.40, the Elliott wave count on the daily chart is suggesting that rebounds should not exceed the 1.3775 zone”.
Emmanuel Ng, FX Strategist at OCBC Bank, observed, “new bears may wait to sell into rallies, while in the interim, we hold on to our short EUR-USD recommendation from 10 June 14. A 1.3490-1.3600 band may contain the pair intra-day”.
In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, “Our overall view remain bearish while we are below 1.40, the Elliott wave count on the daily chart is suggesting that rebounds should not exceed the 1.3775 zone”.
Emmanuel Ng, FX Strategist at OCBC Bank, observed, “new bears may wait to sell into rallies, while in the interim, we hold on to our short EUR-USD recommendation from 10 June 14. A 1.3490-1.3600 band may contain the pair intra-day”.