Comments and forex-analytics from FBS Brokerage Company - page 46
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Commerzbank: comments on EUR/USD
Technical analysts at Commerzbank claim that the single currency is consolidating versus the greenback above support at 1.4113.
Then, in their view, the pair EUR/USD will go down towards 1.4017 (200-week MA), 1.3968 (recent minimum) and 1.3860 (200-day MA). If euro closes below this zone of support, it will drop to 1.3570/1.3620.
According to the bank, resistance levels are found at 1.4365, 1.4500/69 (6-week downtrend) and 1.4732 (78.6% Fibonacci retracement).