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

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."
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