EURUSD: Price action is constructive - BBH

Research Team at BBH, notes that helped by an upside reversal in Deutsche Bank shares before the weekend, the euro rose from the week's low near $1.1155 before the weekend back toward the four-day cap near $1.1250. 

Key Quotes

“The price action is constructive, but the single currency remains in a two-cent range between $1.1100 and $1.1300 that confined the price action with only one exception in September.  Note that the trendline we identified in the Dollar Index can be found in the euro, which is its biggest component.  It is found near $1.1270 at the start of next week and falls about three ticks a day.”