Flash: EUR target 1.3830 - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted that "The euro rallied across the board; rising a cent against the US dollar to poke through the $1.3800 level for the first time since the end of last year. The next immediate target is near $1.3830."

Key Quotes

"However, we note that intra-day technical readings are stretched and over the last six months, the euro has toyed with the $1.3800 level, but has only closed above it once (Dec 30 and even then it was by 1 tick according to Bloomberg)“.