FXstreet.com (Barcelona) - Commerzbank analysts consider the 80.63/66 (June high and the 50% retracement) a very challenging resistance and expect profit taking ahead of it. However, their target remains 81.78/87, and then 84.19 (2012 high) on the longer term.
“We note the small top on the daily RSI and this indicates some near term consolidation should be seen”, wrote analyst Karen Jones, pinting to initial support lies 79.60 ahead of 79.14, with prices underpiness by the shorter term support line, at 78.55.
“We note the small top on the daily RSI and this indicates some near term consolidation should be seen”, wrote analyst Karen Jones, pinting to initial support lies 79.60 ahead of 79.14, with prices underpiness by the shorter term support line, at 78.55.
