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19 Mar 2014
Flash: EUR/USD failure to break 1.4000 after FOMC could frustrate bulls – BBH
FXStreet (Córdoba) - The BBH analyst team commented that if the EUR/USD fails to break above 1.4000 post FOMC, it could be frustrating for the bulls.
Key Quotes
"The euro has traded above the $1.39 level on an intra-day basis for the sixth consecutive session".
"While many are looking for a push above $1.40, a failure to do so today after the FOMC meeting could be frustrating for the bulls".
"But to really inflict any pain, the euro has to be pushed through the $1.3840 near-term base built and, probably, through the $1.3800 level that marks the top of the previous 5-cent 5-month trading range".
Key Quotes
"The euro has traded above the $1.39 level on an intra-day basis for the sixth consecutive session".
"While many are looking for a push above $1.40, a failure to do so today after the FOMC meeting could be frustrating for the bulls".
"But to really inflict any pain, the euro has to be pushed through the $1.3840 near-term base built and, probably, through the $1.3800 level that marks the top of the previous 5-cent 5-month trading range".