EUR making new lows for the month - BBH

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained that the EUR has been making new marginal lows for this month and looked else where to other G10’s.



Key Quotes



"EUR/USD is trading at levels not seen since November 2013".



“Elsewhere, EUR/JPY is breaking a key retracement level from the 2013-2014 rise near 136.75 and points to a test of the November 2013 low near 131.20."



"EUR/JPY has yet to break below the February low near 136.25. EUR/USD already has broken below its February low and so the move is being led by this pair, it seems".



"USD/JPY remains stuck in its recent narrow ranges."



Related Forex Analysis
  1. Forex News

    ECB gets serious about QE – TDS

  2. Forex News

    EUR/USD Risks Fresh Monthly Lows on Dismal Euro-Zone CPI

  3. Forex News

    Asia Recap: The Greenback big winner across the board

  4. Forex News

    USD/JPY to continue to maintain above 118 levels – OCBC

  5. Forex News

    OPEC: We await the US to get back to their desks - Rabobank

Trading Center