EUR/USD continues to trade below par on Thursday. OCBC Bank economists highlight key technical levels to watch.
Gas import price cap and one-time fee to support EUR
“Slight rally on the daily chart shows signs of weakness, but the RSI remains steady. Consolidation transactions are possible.
„Support at 0.9960, 0.9910. Resistance at 1.0060.” Will launch a „deep and comprehensive” reform of the electricity market. A quick move to reinforce proposals for gas import price ceilings and rebates could help ease price pressures and provide further support for the euro.
