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#1 01-05-2018 10:24:14

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: euro should remain bearish in the short term (Commerzbank)

EUR/USD: the euro should remain bearish in the short term (Commerzbank)


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


Commerzbank states that the EUR/USD will remain bearish on the forex below 1.2155.

"The EUR/USD remains under pressure and has now closed below 1.2092. We may see a slight rebound, but this should remain limited, and we are maintaining a bearish bias below the February low of 1.2155.

Short-term rallies should find an obstacle towards 1.2155/1.2225.

A first support level is at 1.2015 with the 200-day moving average.
"


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

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