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#1 30-04-2018 08:59:59

johnedward
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EUR/USD: the euro could post a rebound on the forex (Commerzbank)

EUR/USD: the euro could post a rebound on the forex (Commerzbank)


http://www.forex-central.net/forum/userimages/LOGO-commerzbank.jpeg


Commerzbank believes that the EUR/USD could post a slight rebound from last week's lows.

"The EUR/USD remains under pressure. The pair not only closed below the February low at 1.2155, but it also broke the September 2017 trough at 1.2092. That held on the close, and we could see a slight rebound from here on out.

The rebound is expected to remain weak and limited below 1.2185. A first support level is at 1.2013 with the 200-day moving average.
"


"Anything worth having is worth going for - all the way." - J.R. Ewing

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