The euro remains heavy after being unable to break above 1.06. EUR/USD is trading near 1.0525 and economists at BBH expect the pair to test January 2017 low around 1.0340.

EUR/USD about to tackle last week’s cycle low near 1.0470

“EUR/USD should soon test last week’s cycle low near 1.0470.”

“We still look for a test of the January 2017 low near 1.0340. If that level breaks, we have to start talking about parity and below.”