FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted the surge up onto the 1.34 handle.



Key Quotes



"The euro has squeezed higher and reached a three-day high near $1.3410. The advance caught many participants by surprise."



"It seems largely to be a function of short-covering, as some players are moving to the side-lines given the greater uncertainty. There are reportedly large option expirations today, with strikes near $1.3400."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD could test parity, GBP/USD upside limited – BAML

  2. Forex News

    EUR/USD stuck around 1.0930

  3. Forex News

    ‘There is still a lot of work to do’ on Greece front – IMF’s Lagarde

  4. Investing

    EUR/USD Significant Bearish Pressure

  5. Forex News

    EUR/USD could drop to 1.0650 – Societe Generale

Trading Center