Home EUR/USD: Slight rebound at key support – Commerzbank
FXStreet News

EUR/USD: Slight rebound at key support – Commerzbank

EUR/USD is attempting to consolidate just above the 1.0763 2000-2020 uptrend. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, analyzes the pair potential upside. 

Key quotes

“1.0763 is key support and we look for it to hold the downside and provoke reversal.” 

“Near term rallies will need to regain 1.0879 (the October low) as an absolute minimum in order to alleviate immediate downside pressure.”

“Resistance can now be seen at 1.0926, the September low, and the November low at 1.0981.”

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.