Friday, 14 September 2012

EUR/USD Technicals Still Positive -Commerzbank


EUR/USD technicals are still positive says Commerzbank analyst Karen Jones; and while she is cautious given the extent of the recent run-up, says there's not a lot around to suggest failure. EUR/USD now trades at 1.3036, its 55DMA comes in at 1.3057 and double Fibonacci retracement targets are at 1.3150 and 1.3177.

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