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#1 22-08-2018 10:20:07

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: risks of a rise are developing for the euro (Commerzbank)

EUR/USD: risks of a rise are developing for the euro (Commerzbank)


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


Commerzbank notes that short-term upside risks on the EUR/USD are increasing.

"The EUR/USD rebound has returned to the 4-month downtrend line at 1.1602.

There is the possibility of an extension to the 55-day moving average at 1.1625.

The EUR/USD will have to fall below 1.1508 to ease the immediate upward pressure. Bullish risks are increasing.
"


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

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