EUR / USD: limited growth? – Commerzbank and Danske Bank
Today EUR / USD turned bearish under increasing pressure to send him a mark of 1.13.
Analysts at Danske Bank wrote: “It seems that the ECB has ceased to participate in the currency wars, and we continue to expect a range-trading for EUR / USD in the coming months. Differential rates weakened its support USD, so a fair bit of the range has shifted to the north. According to our short-term model, EUR / USD is now overbought, suggesting its short-term fair value in the region of 1.0940.
Their colleagues from Commerzbank added: “The pair broke the line 7-months. resistance at 1.1308 and is approaching the maximum of 1.1377 in February, and we expect that the movement will begin today to slip. Next there is a region highs of September / October 1.1460 / 95. “
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