Commerzbank analysts see the market offered intraday below 1.3050, with next resistance at 1.3150/80. “Major resistance remains 1.3466/1.3541, this is the location of the 2012 high, the 50% retracement of the 2011-2012 move and the 38.2% retracement of the move down from 2008 and the 200 week ma”, Jones added.
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