Rallies in EUR/USD to Find Resistance at 1.1465/95 – Commerzbank
18 May 2016, 11:10
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Rallies in EUR/USD to Find Resistance at 1.1465/95 – Commerzbank
Karen Jones, Head of FICC Technical Analysis at Commerbank, sees bullish attempts in EUR/USD facing the initial resistance in the 1.1465/95 region.
Key Quotes
“Rallies are expected to remain muted (initial resistance at 1.1465/95)
and we look for the market to remain under pressure following its recent
rejection at resistance offered by the top of 2 channels– these are
located at 1.1675/1.1742 and are reinforced by the August 2015 high at
1.1713”.
