Filed Under:
Forex pairs in this Article » EUR/USD (Barcelona) - According to Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman: "The euro appear to have convincingly broken above significant down trend lines. With the holiday season upon us, there seems to be no compelling technical reason not to look for a continuation of dollar weakness into the end of the year," the analyst says, noting: "Few are incentivized to fight the trend."

"On the upside a reasonable target for the bulls is near $1.35, which corresponds to a retracement objective and a measuring objective," Marc concludes.
comments powered by Disqus