5 May 2014
Reasonable risk of the euro moving above $1.39 - BBH
FXStreet (Bali) - Marc Chandler, Global Head of Currency Strategy at BBH, notes that risks in EUR/USD are skewed to the upside early in the week.
Key Quotes
"Given the narrow ranges and recognition that our technical tools are less effective in such market conditions, we offer this week, only a brief overview of how we see the price action."
"Euro: We are more inclined to see an upside than a downside break. There seems to be a reasonable risk of the euro moving above $1.3900, but whether it can break $1.40 now is a different matter. The importance of the $1.37775 area support appears to be growing."
Key Quotes
"Given the narrow ranges and recognition that our technical tools are less effective in such market conditions, we offer this week, only a brief overview of how we see the price action."
"Euro: We are more inclined to see an upside than a downside break. There seems to be a reasonable risk of the euro moving above $1.3900, but whether it can break $1.40 now is a different matter. The importance of the $1.37775 area support appears to be growing."