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25 Jan 2016
EUR/USD bearish below 1.1000/60 – Commerzbank
FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the bearish outlook to prevail below the 1.1000/60 band.
Key Quotes
“EUR/USD is starting t break down from its range”.
“Overhead the market is facing tougher resistance at 1.10/1.1060. These are the recent highs and the 200 day ma, the 2014-2016 downtrend and 55 week ma and we view the market as bearish while capped here”.
“Our target remains the 1.0523 recent low”.
Key Quotes
“EUR/USD is starting t break down from its range”.
“Overhead the market is facing tougher resistance at 1.10/1.1060. These are the recent highs and the 200 day ma, the 2014-2016 downtrend and 55 week ma and we view the market as bearish while capped here”.
“Our target remains the 1.0523 recent low”.