Forex: Euro could extend the recovery to $1.3350 - BBH

FXstreet.com (Barcelona) - risk of this week events, including the PMI of the zone euro, data from United States employment and of the meetings of the ECB and the Fed, "will help to strengthen or crystallize the price action in the EUR/USD," said Marc Chandler, head of foreign exchange at BBH strategy.

As are things, however, the view of Marc short term is a stronger euro: "technically, we believe that the euro has made the first movement of the correctness of its almost 10 cents lost since the beginning of February until the beginning of April." The first rebound slowed near the 1.32 dollars, just below the goal of 50% ($ 1.3230). We suspect that there will be another rebound that could extend the recovery the 1.3350 dollars."

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