14 Oct 2013
Flash: EUR/USD potential for a move to 1.3400 – BBH
FXstreet.com (Edinburgh) - Analysts at BBH Global Currency Strategy Team keep their negative stance on the EUR/USD, and remark the likeliness of the pair to re-visit the 1.3400 handle.
Key Quotes
“If the euro peaked in early Oct just below $1.3650, it should now ideally hold below $1.3580”
“It can fray the downtrend line and probe near $1.3600, without really improving the technical tone”.
“On the downside, the euro has flirted with its 20-day moving average, but has yet to close below since Sept 10. It is found near $1.3515on Monday”.
“If our negative view is right, the euro can move toward our initial target near $1.3400”.
Key Quotes
“If the euro peaked in early Oct just below $1.3650, it should now ideally hold below $1.3580”
“It can fray the downtrend line and probe near $1.3600, without really improving the technical tone”.
“On the downside, the euro has flirted with its 20-day moving average, but has yet to close below since Sept 10. It is found near $1.3515on Monday”.
“If our negative view is right, the euro can move toward our initial target near $1.3400”.