EUR has still more room to fall – BBH

FXStreet (Edinburgh) - The research team at BBH assessed the current price action in EUR/USD and concluded that more pullbacks are quite likely.

Key Quotes

“It is precisely because the euro's decline is over-determined that the slide has accelerated”.

“It is not just that the ECB is buying sovereign bonds”.

“It is not just that the strength of the US labor market has persuaded more participants that the Fed will lose its "patience" (as in forward guidance) next week”.

“It is not just the European officials have yet to convince investors that EMU is irreversible”.

“It is the fact that all three forces are operative”.