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8 Jan 2015
EUR/USD to remain top heavy – OCBC
FXStreet (Barcelona) - The OCBC Bank Research Team expects EUR/USD to remain top heavy with the Grexit talks still circulation, further noting that breach below 1.1870 has cleared the way to 1.1640 levels.
Key Quotes
“With talk of a Grexit still circulating, the EUR-USD may be expected to remain top heavy despite German officials indicating the potential for talks on easing repayment terms after the Greek election."
"Expect data points to hold an undue amount of importance ahead of the ECB meeting this month with November German factory orders and December 14 EZ confidence indicators on tap today.”
“With 1.2000 now functioning as a key psychological resistance, the breach below 1.1870 opens the way to 1.1640. “
Key Quotes
“With talk of a Grexit still circulating, the EUR-USD may be expected to remain top heavy despite German officials indicating the potential for talks on easing repayment terms after the Greek election."
"Expect data points to hold an undue amount of importance ahead of the ECB meeting this month with November German factory orders and December 14 EZ confidence indicators on tap today.”
“With 1.2000 now functioning as a key psychological resistance, the breach below 1.1870 opens the way to 1.1640. “