- Analytics
- News and Tools
- Market News
- EUR/USD breaks above 1.17 to target September 2018 high at 1.1833 – Commerzbank
EUR/USD breaks above 1.17 to target September 2018 high at 1.1833 – Commerzbank
FXStreet reports that EUR/USD maintained upside pressure last week and has eroded the 1.1570 2019 high and the 1.1596 50% retracement of the move down from 2018. Today, the pair has lifted to fresh tops above 1.17 the figure and Commerzbank’s Karen Jones targets the September 2018 high at 1.1833.
“We have a number of warning signals now and caution is warranted, but acknowledge that the market remains bid.”
“We target 1.1815/33, this a 61.8% Fibonacci retracement, a 12-year resistance line and the September 2018 high. This is highly likely to hold the initial test.”
“Initial support lies at the March high at 1.1495. Ideally dips lower will be contained by the two-month uptrend at 1.1383.”
“Above 1.1833 would target 1.2635/66, the 200-month ma”.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
