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Forex pairs in this Article » EUR/USD
Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman commented in a recent report that the EUR/USD move above 100-day MA, can spur gains to $1.3700 and then $1.3750."

Key Quotes

"The theme of divergent performance of the dollar has returned in force today. This makes it difficult to discuss the greenback in general. Essentially, that theme is for the euro and sterling to outperform the yen and the dollar bloc."

"Today, sterling has made new highs since 2011 while the euro is up a cent and posting its largest advance in nearly three months. The euro is back above the 100-day moving average."

"Pullbacks to that average have been bought since last July and that buy-on-dips strategy appears to still be in vogue. A move now above $1.3655, immediate resistance, can spur gains to $1.3700 and then $1.3750."
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