EUR/USD 1.3370 key to the downside - BBH

By FXstreet.com | Updated July 31, 2014 AAA

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that the encies/eurusd/">euro has struggled to resurface above the $1.34 handle.



trong>trong>Key Quotes



"A break of yesterday's low just below $1.3370 would likely target $1.3300 and then $1.3230”.



“As the euro has entered territory not seen since Q4 13, implied volatility has risen. For example, 3-month implied vol has risen to about 5.5% from 4.75% in the middle of the month."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EURUSD Running Out of Steam On the Hint of Negative Divergence

  2. Forex News

    Forecast: Will Dollar and Equity Declines Evolve into Reversals?

  3. Forex News

    Video: Risk Reversal a Greater Danger Than Dollar Tumble Next Week

  4. Forex News

    US blip temporary, EUR/USD spread to widen - DB

  5. Forex News

    EUR/USD… resilience… or innocence?

Trading Center