FXStreet (Edinburgh) – The research team at BBH has not discarded a rebound in EUR/USD towards the low-1.1000s.
“The euro seems unperturbed. It rose above the previous day’s high for the first time this week”.
“At the end of last week when the euro last traded above the previous day’s high, it peaked in front of $1.1210”.
“Given the slide to about $1.0820 yesterday, the first retracement objective is seen near $1.0970”.
“With month-end adjustments and some profit-taking ahead of what is expected to be a sharp downward revision to US Q1 GDP tomorrow, a move toward $1.1020 cannot be ruled out”.
The research team at BBH has not discarded a rebound in EUR/USD towards the low-1.1000s…
(Market News Provided by FXstreet)