EUR/USD now targets 1.1745/50 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, now sees the pair attempting a visit to 1.1745/50 band ahead of 1.1790.

Key Quotes

“EUR/USD has stabilised at the 1.1540/20 as expected and should now retest the resistance offered by the 1.1745/50 area and the 1.1790 recent high. A recovery above here will trigger a move to the 1.1853 mid-June high and the 1.1917 55 week ma. We suspect that the recent low at 1.1301 was a significant turn for the market”.

“Initial support lies at 1.1547 20 day ma. The cross will need to drop sub 1.1508 to alleviate immediate upside pressure. Currently near term dips lower are indicated to hold around 1.1560/20”.

                          start Trading with Free $30    : CLAIM NOW $30

VERIFY YOUR ACCOUNT AND GET YOUR $30 INSTANTLY ,MAKE MONEY WITHDRAW !!

               IT IS POSSIBLE TO SHIFT FROM $30  TO  $1,000,000  TRY  TODAY

IF  YOU  FACE  ANY  PROBLEM  TO  GET  THIS  OFFER  PLEASE CONTACT                                                                   US FOR

SUPPORT ,  CLICK  SMS  BAR  ABOVE  THEN  TALK  TO  US.