EUR/USD neutral to positive above 1.0600 – Commerzbank

Senior Technical Analyst at Commerzbank Axel Rudolph noted EUR/USD stays neutral to positive above 1.0600 in the near term.

Key Quotes

“Last week’s advance is likely to fizzle out below the 1.0829 February high. As long as it caps, a slip back to the 1.0679 mid-February high may be seen this week. Further range trading seems to be on the cards. Above 1.0829 sits the 1.0851/93 area, made up of the October low, December high and the 200 day moving average”.

“A drop below the March 14 1.0600 low would neutralise the chart once more”.

“We stay overall negative below 1.0830. Only above 1.0830 would introduce scope to 1.0875 December high and the 200 day ma at 1.0896”.


1 Week
Avg Forecast 1.0763
  • 50% Bullish
  • 42% Bearish
  • 8% Sideways
Bias Bullish
1 Month
Avg Forecast 1.0650
  • 30% Bullish
  • 60% Bearish
  • 10% Sideways
Bias Bearish
1 Quarter
Avg Forecast 1.0558
  • 15% Bullish
  • 65% Bearish
  • 20% Sideways
Bias Bearish


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 securities. 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 Forex 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.