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EUR/USD: a test of 1.1087/97 remains on the cards – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could still visit the 1.1087/97 area.

    Key Quotes

    EUR/USD is consolidating below the 1.1033 200 day ma”.

    “The dip back from here has been tepid so far and there remains scope for the 1.1087/97 September low and 28th October high”.

    “Currently we remain unable to rule out an advance towards key resistance, which remains the 1.1193/95 2014-2015 downtrend and 55 week ma and while it is possible that these are retested we look for the market to fail here”.
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