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Cool Video: Euro Pressured Lower

As a long-term dollar bull, I was happy to accept Bloomberg TV’s invite to come to the set on the day that the Dollar Index made new highs for the year and the euro punched through the $1.1300 support that has held since mid-August.

Cool Video: Euro Pressured Lower

Bloomberg TV

The slightly less than two-minute video clip is a part of the discussion the euro’s drivers. While I tend to emphasize the macro forces at play, my day-to-date responsibilities include micro-market factors, like options expirations, chart patterns, and sentiment. Although I expect the euro to make new lows (currently targeting $1.08-$1.10) in the first part of next year, the next important chart point (retracement objective) is near $1.1180.
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Marc Chandler
He has been covering the global capital markets in one fashion or another for more than 30 years, working at economic consulting firms and global investment banks. After 14 years as the global head of currency strategy for Brown Brothers Harriman, Chandler joined Bannockburn Global Forex, as a managing partner and chief markets strategist as of October 1, 2018.
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