You are not logged in.

#1 07-06-2018 09:03:04

Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 2358

EUR/USD: Wednesday break signals greater potential for short-term rise

EUR/USD: Wednesday's break signals greater potential for a short-term rise (Commerzbank)

In view of the current recovery, Commerzbank notes that the EUR/USD is now likely to return to the 1.1875/1.1990 zone.

"The EUR/USD broke the 20-day moving average and paves the way for a potential deeper retracement to the 1.1875/1.1990 range.

It is interesting to note that the Elliott waves always indicate a failure to rise, and for this reason we will remain neutral for now.

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



Board footer