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27 May 2014
EUR/USD: Risk of further losses - BBH
FXStreet (Bali) - Marc Chandler, Global Head of Currency Strategy at BBH, warns over the risk of further losses in EUR/USD.
Key Quotes
"The euro's weekly closed below its 200-day moving average for the first time since last September. It has not sustained a break of that average since last July. New three month lows were recorded before the weekend ahead of $1.3600. Momentum indicators warn of the risk of further losses and, assuming a break of $1.3600, the next target is in the $1.3520-45 area."
Key Quotes
"The euro's weekly closed below its 200-day moving average for the first time since last September. It has not sustained a break of that average since last July. New three month lows were recorded before the weekend ahead of $1.3600. Momentum indicators warn of the risk of further losses and, assuming a break of $1.3600, the next target is in the $1.3520-45 area."