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Forex pairs in this Article » EUR/USD (Bali) - The USD weakness against the EUR does not appear exhausted, notes Marc Chandler, Head of FX at BBH, who expects the next technical target for the euro at $1.3800-30.

Key Quotes

"The only cautionary note from technical indicators is that the euro and Swiss franc are at the top of their Bollinger Bands, which are set +/- 2 standard deviations from the 20-day moving average."

"Although the returns (changes) in currency prices are not normally distributed, a break of the bands may still be seen as reflecting a stretched market. This should encourage buying on the next pullback."
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