EUR/USD Focus Remains on the 1.1140 area – Commerzbank

EUR/USD Focus Remains on the 1.1140 area – Commerzbank

23 May 2016, 09:14
Roberto Jacobs
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EUR/USD Focus Remains on the 1.1140 area – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, argued the pair’s attention remains on the 1.1140 region.

Key Quotes

EUR/USD held steady on Friday following a week of relentless downside pressure”.

“Our attention is on the 1.1144 24th March low and the 1.1060/46 December high, the March 16 low and the channel”.

Very near term we look for rallies to remain capped by 1.1270/1.1300. The base of the 6 month channel is expected to act as the break down point to the second channel at 1.0562”.


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