EUR squeezing higher onto 1.34 handle - BBH

By FXstreet.com | Updated August 08, 2014 AAA

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."



Related Forex Analysis
  1. Forex News

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

  2. Forex News

    Video: Euro Faces Another Round of Data, Oil Collapses

  3. Forex News

    US Session: Holidays or no holidays, greenback prevails and Oil dumps

  4. Forex News

    EUR/USD taken lower on demand for the greenback - FXStreet

  5. Forex News

    EUR/USD: neutral bias – (1.2300-1.2650) – BTMU

Trading Center