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    EUR/USD remains vulnerable – BBH Pablo Piovano

    The FX research team at BBH noted the single currency remains under pressure in the short term.Key Quotes“The euro recorded a reversal pattern on June 9 by trading on both sides of the previous day's range and finishing the North American session below the previous day's lows”.“That drop retraced 38.2% of the euro's bounce since May 30 to bring the euro a little below $1.13. Before the weekend, the euro met the 50% target at $1.1260. The 61.8% retracement is found near $1.1220”.“The 20-day moving average is found comes in around $1.1240. Also, the trendline drawn from the early December low etched by disappointment that what the ECB delivered was not what Draghi's rhetoric indicated, through the early-March lows, and catching the recent lows.  It is found near $1.1165 by the end of next week”.

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