1.1371 and the EUR/USD - key point?

Author: Eamonn Sheridan | Category: News

Via a technical analysis note from Commerzbank on the euro, nominating 1.1371 as an important level for the pair

  • EUR/USD resistance at 1.1285 and 1.1295
  • consolidation below here a potential positive for EUR/USD 
  • Key resistance 1.1354/71 (2018-2019 down channel,  55 week MA)
  • A weekly close above this latter level is needed for us to adopt an outright bullish stance
  • some support 1.1150/06
  • Key support is the 1.0961 (2018-2019 support line)
 

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