23 Jul 2014
EUR making new lows for the month - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained that the EUR has been making new marginal lows for this month and looked else where to other G10’s.
Key Quotes
"EUR/USD is trading at levels not seen since November 2013".
“Elsewhere, EUR/JPY is breaking a key retracement level from the 2013-2014 rise near 136.75 and points to a test of the November 2013 low near 131.20."
"EUR/JPY has yet to break below the February low near 136.25. EUR/USD already has broken below its February low and so the move is being led by this pair, it seems".
"USD/JPY remains stuck in its recent narrow ranges."
Key Quotes
"EUR/USD is trading at levels not seen since November 2013".
“Elsewhere, EUR/JPY is breaking a key retracement level from the 2013-2014 rise near 136.75 and points to a test of the November 2013 low near 131.20."
"EUR/JPY has yet to break below the February low near 136.25. EUR/USD already has broken below its February low and so the move is being led by this pair, it seems".
"USD/JPY remains stuck in its recent narrow ranges."