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Forex: EUR/USD serious technical damage is being inflicted - BBH

After the slump seen in EUR/USD within the last days, the BBH analyst team notes that "serious technical damage" is being inflicted.

"The euro is falling through the uptrend drawn off last July (Draghi-induced) lows", BBH notes. "It comes in just below $1.3200 today. The next technical target is near $1.3070-80".

Forex Flash: EUR/USD potential downside in the short-term – Danske Bank

The bloc currency continues to grind lower on Thursday, dragged by Wednesday’s FOMC minutes and today’s worrisome prints from the manufacturing/service PMIs to sub 1.3200 levels ahead of the NA session...
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