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#1 31-07-2018 10:20:19

johnedward
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From: Paris - France
Registered: 21-12-2009
Posts: 2200
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EUR/USD: a bearish bias remains in place at the moment (Commerzbank)

EUR/USD: a bearish bias remains in place at the moment (Commerzbank)


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


Commerzbank states that the EUR/USD remains bearish below 1.1790.

"The outlook for the EUR/USD is neutral to negative. The pair is horizontal but under pressure within its range.

This will remain the case as long as it stays below the short-term resistance line at 1.1731.

For the time being, we are maintaining a bearish bias below 1.1790, but the EUR/USD is currently quite neutral.

Our attention remains on the recent lows near 1.1510/08.

The EUR/USD chart plots a bearish triangle potential, and for it to remain valid, prices must remain below the resistance line. Above we could have a foundation.
"


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

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