Flash: EUR/USD, 1.2930-80 key to technical outlook - BBH

FXstreet.com (Barcelona) - The $1.2930-80 area may be the key to the EUR/USD technical outlook, notes Marc Chandler, Global Head of Currency Strategy at BBH. The Strategist think that the key supportive mean now is 1.2930-80, with a break lower "suggesting that the upside correction was sharp but brief and that the downtrend is set to resume." On the upside, Chandler says that "a move back up above $1.3100 suggests another upleg is likely, could extend toward $1.3400."