Flash: EUR/USD to remain indecisive despite ECB rhetoric - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank feels that despite the somewhat supportive nature of the latest remarks out of the ECB, EUR/USD may remain indecisive in terms of directionality in the near term.

He notes that having breached a short term 50% Fibo retracement level of 1.3085, any ability to continue to persist over the 55-day MA (1.3061) and the 200-day MA (1.3076) may see the pair test higher towards 1.3157 as corrective pressure may remain visible.