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EUR/USD locked within its range – Commerzbank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the pair navigating in its recent range for the time being.

    Key Quotes

    “EUR/USD is essentially stuck in its range, it has again rallied towards the 1.1330 21st September high and again this has held”.

    “While capped here the risk remains for a re-visit of the September lows at 1.1105/1.1088”.

    “Failure at 1.1088 would trigger a move to 2015 uptrend at 1.0985.This remains a key break down point. Currently EUR/USD is just sidelined”.
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