EUR/USD Door Open for a Visit to 1.1144 – Commerzbank
Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the pair could slip towards 1.1144.
Key Quotes
“EUR/USD charted a minor new high of 1.1465 which was not confirmed by the daily RSI earlier this week”.
“This
loss of momentum at tough resistance has taken its toll and the market
has sold off sharply and we would allow for slippage towards the 1.1144
24th March low”.
“Key nearby support lies the 1.1060/58 December
high and the March 16 low. This guards the bottom of the range at
1.0930. Intraday rallies are indicated to terminate circa 1.1320”.
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