Back

EUR/USD could re-visit 1.1020 – BBH

FXStreet (Edinburgh) - The research team at BBH has not discarded a rebound in EUR/USD towards the low-1.1000s.

Key Quotes

“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”.

WTI crude falls below USD 57.00/barrel

Crude prices retreated on Thursday on concerns the recent surge in prices could have resulted in an increase in the production levels in the US.
Đọc thêm Previous

GBP/USD consolidates at daily lows

GBP/USD dropped to fresh 3-week lows at the beginning of the New York session as the dollar continued to strengthen, extending gains into a third day in a row against the pound.
Đọc thêm Next