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Oct 9, 2015
EUR/USD locked within its range – Commerzbank
FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the pair navigating in its recent range for the time being.
Key Quotes
“EUR/USD is essentially stuck in its range, it has again rallied towards the 1.1330 21st September high and again this has held”.
“While capped here the risk remains for a re-visit of the September lows at 1.1105/1.1088”.
“Failure at 1.1088 would trigger a move to 2015 uptrend at 1.0985.This remains a key break down point. Currently EUR/USD is just sidelined”.
Key Quotes
“EUR/USD is essentially stuck in its range, it has again rallied towards the 1.1330 21st September high and again this has held”.
“While capped here the risk remains for a re-visit of the September lows at 1.1105/1.1088”.
“Failure at 1.1088 would trigger a move to 2015 uptrend at 1.0985.This remains a key break down point. Currently EUR/USD is just sidelined”.