EUR/USD the aim of the 1,1098 – Commerzbank is now

FXStreet Karen Jones, head of FICC Technical analysis at Commerzbank, notes that the recent development of the pair shows that the positive prospects have improved.

Important Quotes

“The Euro has eroded the 5-month downward trend, the 55-week MA of 1,0929 and the 61.8% Retracement of 1,0974, while one was formed of staff. The commandments remain on the de m100-day MA. The goal of the January 2015 Low of 1,1098 and the 78.6% Retracement of 1,1146. On the 4-hour chart, a Count of 13 and we will buy pullbacks.”

“Under the 200-day MA, there will be losses to the 55-day MA of 1,0706 and 2017 support line of 1,0633.”

** FXStreet News Editorial, FXStreet**

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