EUR/USD 1.3370 key to the downside - BBH

By FXstreet.com | 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.



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"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."



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