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EUR/USD may continue to bounce on dips - OCBC Bank

FXStreet (Łódź) - Emmanuel Ng, FX Strategist at OCBC Bank suggests that EUR/USD is rising due to the recent weakening of the greenback.

Key Quotes


"We note that recent moves higher in the pair have been more a result of a capitulating dollar as opposed to brighter EZ prospects."

"Nonetheless, with market skepticism towards any strong positive surprises out of the FOMC tonight, the EUR/USD may continue to bounce on dips in the intervening period with 1.2785/00 seen as a first resistance zone."

Upside potential to near 1.65 for GBP/USD - TD Securities

Shaun Osborne, Chief FX Strategist at TD Securities believes GBP/USD could move higher up to 1.65 area if it breaks out from the current levels.
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