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14 Mar 2014
Flash: EUR’s near term shelf, $1.3840 - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained, for the euro on the top side, look for the euro to be capped by the $1.3900-20 band.
Key Quotes
"The failure of the ECB to act last week saw the euro rise above the upper end of a five-month five-cent trading range (~$1.33-$1.38) and even now, the euro has not been pushed back into it. The euro has built of a bit of a short-term shelf near $1.3840".
Key Quotes
"The failure of the ECB to act last week saw the euro rise above the upper end of a five-month five-cent trading range (~$1.33-$1.38) and even now, the euro has not been pushed back into it. The euro has built of a bit of a short-term shelf near $1.3840".