Comments and forex-analytics from FBS Brokerage Company - page 60
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Jyske Bank: EUR/USD will break down current range
Technical analysts at Jyske Bank believe that the pair EUR/USD will continue trading within the recent range between 1.4055 and 1.4450 for some time. Then the specialists expect the single currency to break down falling to 1.3746 in the middle of August.
Commerzbank: comments on USD/CHF
The greenback slumped yesterday versus Swiss franc to the record minimum at 0.7064.
Technical analysts at Commerzbank note that USD/CHF has reached the bottom of the downtrend channel within which the pair was trading in 2010 and 2011. The specialists see no signs of the trend reversal. On the downside US dollar has support at the psychological level at 0.7000.
According to the bank, resistance levels are situated at 0.7353 and 0.7530/0.7675. The strategists say that the bearish pressure on US currency will ease only if it breaks above the accelerated downtrend at 0.7888.
Commerzbank: comments on USD/CHF
The greenback slumped yesterday versus Swiss franc to the record minimum at 0.7064.
Technical analysts at Commerzbank note that USD/CHF has reached the bottom of the downtrend channel within which the pair was trading in 2010 and 2011. The specialists see no signs of the trend reversal. On the downside US dollar has support at the psychological level at 0.7000.
According to the bank, resistance levels are situated at 0.7353 and 0.7530/0.7675. The strategists say that the bearish pressure on US currency will ease only if it breaks above the accelerated downtrend at 0.7888.