EUR: Initial support is seen in front of $1.1150 - BBH

Research Team at BBH, notes that the euro is stalling at the 61.8% retracement objective of the decline was seen since the UK referendum. 

Key Quotes

“That level is seen near $1.1230.  Initial support is seen in front of $1.1150.  Sterling and the yen are in narrow ranges near yesterday’s best levels.  The Australian dollar is holding below a downtrend line drawn off the late-April and mid-July highs.  The third point in the line was yesterday's high just under $0.7640.  The euro posted a reversal on the daily bar charts against sterling yesterday, and there has been modest follow through selling today.  A break of GBP0.8380 could push it toward GBP0.8330.”