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#1 08-05-2018 22:04:19

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: the euro should stabilise itself below 1.19 in the short term

EUR/USD: the euro should stabilise itself below 1.19 in the short term (Commerzbank)


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


Commerzbank believes that the EUR/USD should stabilise itself around 1.1880/58 in the very near future.

"The EUR/USD is arriving in the 1.1880/58 zone, the highs of October 2017, where the pair should stabilise in the very short term.

Resistance can now come between the peaks of November and early December 2017 at 1.1940/61.

The EUR/USD will remain under pressure as long as it moves below the 200-day moving average at 1.2019.

In the longer term, the EUR/USD is expected to return to the 55-week MA at 1.1831.
"


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

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