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28 Aug 2015
EUR/USD may target the base of the channel at 1.0875 - Commerzbank
FXStreet (Bali) - Karen Jones, Head of FICC Technical Analysis Research at Commerzbank AG, looks for losses in EUR/USD to the base of the channel at 1.0875.
Key Quotes
"EUR/USD has continued to plummet and has tested the 1.1216 July high. This guards the near term uptrend at 1.0160. This may hold the initial test but you should be aware that we look for losses to the base of the channel at 1.0875. Near term rallies should now struggle 1.1460/70 ahead of 1.1560."
Key Quotes
"EUR/USD has continued to plummet and has tested the 1.1216 July high. This guards the near term uptrend at 1.0160. This may hold the initial test but you should be aware that we look for losses to the base of the channel at 1.0875. Near term rallies should now struggle 1.1460/70 ahead of 1.1560."