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27 Feb 2014
Flash: EUR tested 20-DMA first tim ein 2 weeks - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted that, "After repeatedly bumping against resistance ahead of the $1.38 level the euro was pushed back yesterday and has seen its losses extended today.
Key Quotes
"It was toying with its 20-day moving average (~$1.3650) for the first time in two weeks".
"The $1.3625 area corresponds to a retracement objective of the euro's advance off the low set in late Jan near $1.3480 and the 100-day moving average."
Key Quotes
"It was toying with its 20-day moving average (~$1.3650) for the first time in two weeks".
"The $1.3625 area corresponds to a retracement objective of the euro's advance off the low set in late Jan near $1.3480 and the 100-day moving average."