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#1 03-10-2017 10:25:48
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EUR/USD: euro should continue to decline in the short, medium term
EUR/USD: the euro should continue to decline in the short term but also in the medium term (Commerzbank)
Commerzbank maintains a bearish view on the EUR/USD on the forex.
"The EUR/USD remains under bearish pressure following the recent breakdown of the 5-month trend line and the 1.1836/23 support zone.
Intraday rallys should fail near the 1.1830 area.
We expect a continuation of the decline towards 1.1662, followed by 1.1296 and 1.1110."
"Anything worth having is worth going for - all the way." - J.R. Ewing
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Pages: 1
- Index
- » Analyses / Forecasts (by major banks and brokers)
- » EUR/USD: euro should continue to decline in the short, medium term