Comments and forex-analytics from FBS Brokerage Company - page 28

 
 

Commerzbank: comments on EUR/USD and GBP/USD

Technical analysts at Commerzbank note that on Friday the pair EUR/USD has broken through the key support in the 1.4450/34 area. In their view, euro may fall to the November 2010 maximum at 1.4283 and April 18 minimum at 1.4145. On the upside, the specialists see the resistance for the single currency at 1.4572.