Commerzbank is cautiously bullish on EUR/USD given the extent of the recent run-up, but with technical indicators still positive there's not much to suggest failure, says technical analyst Karen Jones. It's now at 1.3115. She says a break above 1.3180 will target the 1.3483-1.3540 area which is made up of the 2012 high, Fibonacci resistance and the 200WMA. On the downside, Jones pegs immediate strong support at 1.3095 and says the outlook remains bullish while above its 200DMA at 1.2829.
Find us on Google+
No comments:
Post a Comment