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24 Nov 2013
Flash: EUR/USD with scope for further ST gains - BBH
FXstreet.com (Barcelona) - The USD looks set to extend losses vs the EUR and GBP, notes March Chandler, Head of FX at BBH.
Key Quotes
"Technically, the euro and sterling have scope for additional near-term gains without encountering strong resistance. For the euro the $1.3600-50 area stands in the way of the 2-year high set last month near $1.3830."
"Sterling faces the double top set in early- and late-October near $1.6260. A convincing break could spur a move to $1.6400. For the euro, a break of $1.3400 would call this constructive view into question. A similar level for sterling is near $1.6050."
Key Quotes
"Technically, the euro and sterling have scope for additional near-term gains without encountering strong resistance. For the euro the $1.3600-50 area stands in the way of the 2-year high set last month near $1.3830."
"Sterling faces the double top set in early- and late-October near $1.6260. A convincing break could spur a move to $1.6400. For the euro, a break of $1.3400 would call this constructive view into question. A similar level for sterling is near $1.6050."