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Forex: EUR/USD in session highs ahead of EMU data

The euro is posting fresh highs above 1.3480 on Wednesday, ahead of the Industrial Production figures in the euro zone, expected to improve in December to 0.2% on a monthly basis and -2.4% YoY, against November’s -0.3% and -3.7%, respectively.

As of writing, the cross is up 0.21% at 1.3483
Next resistance levels lie at 1.3492 (MA10d) en route to the psychological level at 1.3500 and then 1.3577 (high Feb.7).
On the flip side, a breakdown of 1.3364 (low Feb.12) would bring 1.3325 (low Feb.11) and finally 1.3300 (psychological level).

Forex Flash: Stay neutral EUR/USD – OCBC Bank

Emmanuel Ng of OCBC Bank is neutral EUR/USD at this juncture after the pairs recent run and investors raising questions about the viability of a further run up in the near term.
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Forex Flash: GBP/USD higher ahead of key inflation report – OCBC Bank

Emmanuel Ng of OCBC Bank notes that GBP/USD managed to bounce off sub-1.5600 lows on Tuesday to end slightly higher on the day in line with the majors and ahead of the BOE Inflation Report today.
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