FXStreet (Edinburgh) – Emmanuel Ng, FX Strategist at OCBC Bank, sees there is still room for EUR/USD to test the 1.1560 area.
Key Quotes
“We remain constructive for further upside in the pair if USD weakness continues to be pervasive multi-session”.
“Further data risks may be expected from the US CPI readings later today. If 1.1500 is breached, expect little in the way of resistance till 1.1560”.
(Market News Provided by FXstreet)