Flash: EUR/USD to remain top heavy - OCBC Bank

Emmanuel Ng of OCBC Bank believe that EUR/USD has a slight downside bias today.

Key Quotes

“The EUR-USD may persist with a slightly top-heavy posture post the ECB and ahead of the US labor market numbers tonight.”

“Any break of the 1.3200 floor may see adrift back towards the 1.3150 before the 55-day
MA (1.3107) ad the 200-day MA (1.3092).”