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26 Jun 2013
Flash: EUR/USD on the defensive - Commerzbank
FXstreet.com (London) - Karen Jones, analyst at Commerzbank, said the EUR/USD is on the defensive and breaking down through the 200 day ma to 1.3073.
She continues to look for rebounds to be relatively tepid, and intraday these are expected to struggle 1.3165/85. Her team maintain a negative stance and continue to look for losses to 1.2927/1.2898 (55 week ma and the 2012-2013 support line). Failure here will target 1.2796 then the 1.2740 April low.
She continues to look for rebounds to be relatively tepid, and intraday these are expected to struggle 1.3165/85. Her team maintain a negative stance and continue to look for losses to 1.2927/1.2898 (55 week ma and the 2012-2013 support line). Failure here will target 1.2796 then the 1.2740 April low.