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#1 18-10-2018 18:28:39

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: bearish risks have reinforced (Commerzbank)

EUR/USD: bearish risks have reinforced (Commerzbank)


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


Commerzbank believes that the EUR/USD may return to the recent low at 1.1301.

"The EUR/USD failed on the Fibo resistance of 1.1624 and could fall further.

The first support level at 1.1508 has been broken and we expect a fall to 1.1411, the 78.6% retracement. There is a risk of testing the recent low at 1.1301.

Only a return above 1.1625 would neutralise the chart and allow an increase to the 1.1790/1.1815 area.

We continue to favour a rally, but there is still work to be done to achieve this.
"


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

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