EUR/USD bids above 1,0832 — Commerzbank

FXStreet Karen Jones, the head of FICC Technical analysis at Commerzbank, the assumption that the positive prospects of the pair above the key 200-day SMA of today 1,0832.

Important Quotes

“The Euro has eroded in the last week of the 5-month downward trend, the 55-week MA of 1,0926 and the 61.8% Retracement of 1,0974 and on Thursday, it was formed an outside bar to the top. The commandments remain above the 200-day MA of 1,0832. The movement is the path to the goal of January 2015 is Low of 1,1098 and the 78.6% Retracement of 1,1146 free. On the 4-hour chart, a Count of 13 and a divergence Tags RSI to see and we will buy pullbacks.”

“Under the 200-day MA, there will be losses to the 55-day MA of 1,0706 and 2017 support line of 1,0633.”

** FXStreet News Editorial, FXStreet**

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