EUR/USD seems to support around 1.06 — BBH

The EUR/USD seems to have found some solid support around the area of 1.0600, as they suggest analysts of BBH.

Statements key:

«The euro among major currencies, was of the worst performing last week, gaining 0.25%. However, there was little enthusiasm for selling the euro below $1.06, where is the trend line from the lows of January and march.»

“It has not traded above 1.07 usd in April. The stochastic slow have turned to the upside, and the MACD also looks ready to turn in the next few days».

«The initial resistance is located at $1.0680 — $1.0700, and to be sure, caution may prevail before the French presidential elections. Above, the potential extends toward $1.0740, and possibly $ 1.0780. The latter can be a bit of a stretch, but achievable if the surveys French stalled return to favour Macron or if yields us fall even more after the weak CPI and us retail sales before the end of the week.»

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