EUR/USD: 1.1712 support holds the key this week - Commerzbank

Karen Jones, Analyst at Commerzbank, offers her technical view on the EUR/USD pair, as we head into the pre-Christmas trading week.

Key Quotes:

“EUR/USD last week sold off to and recovered from the 1.1712 21st November low. We start this week with attention on the 1.1712 support and a close below 1.1712 the recent low should be enough to negate upside pressure and allow for slippage back to the 1.1553 7th November low.“