Forex Flash: EUR/USD room for follow through buying - BBH

FXstreet.com (Barcelona) - With EURUSD currently near 8-month highs around the 1.3370 area, according to Marc Chandler, Global Head of Currency Strategy at BBH, the pair shows technical prospects that suggest "there is room for follow through buying," the analyst says.

In the other hand, Marc adds: "The one cautionary note is that the euro finished the week above the upper end of the Bollinger Bands (2 standard deviations above the 20-day moving average). The three times it happened in H2 12, the euro fell within a couple of sessions," he concludes.