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#1 12-09-2018 16:47:52

johnedward
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From: Paris - France
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EUR/USD: the euro maintains its odds of reaching 1.1750 (Commerzbank)

EUR/USD: the euro maintains its odds of reaching 1.1750 (Commerzbank)


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


Commerzbank still believes that the EUR/USD can rise to 1.1745/50 as long as it holds above 1.1508.

"The EUR/USD continues to hold above the support levels at 1.1510/08. This leaves intact the prospects of a recovery towards the resistance offered by the 1.1745/50 zone and the recent peak at 1.1790.

A rally above is needed to trigger a move towards 1.1853 and the 55-week moving average of 1.1910.

In the meantime, we remain unable to rule out a new test of the May and June lows at 1.1508/10. The EUR/USD will have to break below 1.1508 to ease upward pressures.
"


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

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