15 Dec 2015
EUR/USD could test the upper-1.1000s – Commerzbank
FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the pair could visit the 1.1087/97 area.
Key Quotes
“EUR/USD remains side lined below the 1.1035 200 day ma”.
“The dip back from here has been tepid so far and there remains scope for the 1.1087/97 September low and 28th October high”.
“Currently we remain unable to rule out an advance towards key resistance, which remains the 1.1193/95 2014-2015 downtrend and 55 week ma and while it is possible that these are retested we look for the market to fail here”.
Key Quotes
“EUR/USD remains side lined below the 1.1035 200 day ma”.
“The dip back from here has been tepid so far and there remains scope for the 1.1087/97 September low and 28th October high”.
“Currently we remain unable to rule out an advance towards key resistance, which remains the 1.1193/95 2014-2015 downtrend and 55 week ma and while it is possible that these are retested we look for the market to fail here”.