You are not logged in.
Pages: 1
- Index
- » Analyses / Forecasts (by major banks and brokers)
- » EUR/USD: Commerzbank expects profit-taking on euro and a rebound
#1 30-05-2018 11:50:42
- johnedward
- Admin & Trader
- From: Paris - France
- Registered: 21-12-2009
- Posts: 3861
- Website
EUR/USD: Commerzbank expects profit-taking on euro and a rebound
EUR/USD: Commerzbank expects profit-taking on euro and a rebound
Commerzbank expects a rebound of the EUR/USD amid profit taking.
"The EUR/USD reached its target (November low at 1.1553). We are expecting profit taking here.
The rallies must exceed the bearish trend line at 1.1710 to ease downward pressure and signal a stronger retracement to 1.1810/1.1935.
The next downside targets come at 1.1450 with the 50% retracement of the 2017-2018 move, and the 200-week moving average at 1.1433."
"Anything worth having is worth going for - all the way." - J.R. Ewing
Offline
Pages: 1
- Index
- » Analyses / Forecasts (by major banks and brokers)
- » EUR/USD: Commerzbank expects profit-taking on euro and a rebound