Comments and forex-analytics from FBS Brokerage Company - page 30
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Commerzbank: outlook for euro is still negative
Technical analysts at Commerzbank think that the outlook for the single currency versus the greenback remains negative.
The specialists note that if the pair EUR/USD breached support in the 1.4145/55 zone, it will be poised down to 1.3996.
According to the bank, resistance for the pair is found at 1.4440/65.
Mizuho: USD/JPY will test 80.00 yen
Technical analysts at Mizuho Corporate Bank note that the pair USD/JPY went down below the Ichimoku Cloud and the Fibonacci resistance. The specialists advise investors to sell the greenback. In their view, US currency will dip to a very important support at 80.00 yen.
Commerzbank: comments on EUR/USD
The single currency declined on Friday versus the greenback breaching support in the 1.4145/55 area.
Technical analysts at Commerzbank think that the pair EUR/USD will drop this week to the 200-week MA at 1.3998 and then fall to 1.3770 and 1.3431/1.3375 (55-week MA and 11-month support).
According to the bank, resistance levels for euro will be found at 1.4260/70 and 1.4341. If the European currency closes below the 55-day MA at 1.4270, the outlook will be regarded as quite bearish.