EUR/USD: To hold major support– Commerzbank
|The EUR/USD pair continues falling but is set not to lose a main support at 1.0814/1.0763. Karen Jones from Commerzbank recommends trying little longs at 1.0785.
Key quotes
“EUR/USD remains in free fall and is on course for the 1.0814/78.6% retracement and the 1.0763 2000-2020 uptrend, this latter level represents a major band of support, that we look to hold.”
“Short term trend (1-3 weeks): Is easing back to the 1.0814/1.0762 support zone.”
“Attempt tiny longs at market, add 1.0785, stop 1.0750.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.