EUR/USD bearish below 1.1000/60 – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the bearish outlook to prevail below the 1.1000/60 band.

    Key Quotes

    EUR/USD is starting t break down from its range”.

    “Overhead the market is facing tougher resistance at 1.10/1.1060. These are the recent highs and the 200 day ma, the 2014-2016 downtrend and 55 week ma and we view the market as bearish while capped here”.

    “Our target remains the 1.0523 recent low”.
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