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#1 08-08-2018 10:27:16

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: the euro is still oriented towards the downside (Commerzbank)

EUR/USD: the euro is still oriented towards the downside (Commerzbank)


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


Commerzbank notes that the EUR/USD is still bearish despite the recent rebound.

"The EUR/USD has broken down its range and is still targeting the lows of May and June at 1.1510/08, although in the short-term it is heading towards the 55-day moving average at 1.1667.

The EUR/USD still remains bearish below the highs of the last two weeks at 1.1745/50.

On the upside, the key threshold is at 1.1790, the high of July.
"


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

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