3 May 2016
EUR/USD next resistance aligns at 1.1713 – Commerzbank
Senior Technical Analyst at Commerzbank Axel Rudolph noted the next relevant level for the pair is located above the 1.1700 mark.
Key Quotes
“EUR/USD has risen above the 1.1465/95 April and October peaks and now trades above the February 2015 high at 1.1534”.
“The only resistance of note above it is the August 2015 high at 1.1713”.
“Support can be seen between the 1.1377 February and the 1.1342 mid-March highs and also along the three month support line at 1.1290 and at the 1.1216 April trough”.
Key Quotes
“EUR/USD has risen above the 1.1465/95 April and October peaks and now trades above the February 2015 high at 1.1534”.
“The only resistance of note above it is the August 2015 high at 1.1713”.
“Support can be seen between the 1.1377 February and the 1.1342 mid-March highs and also along the three month support line at 1.1290 and at the 1.1216 April trough”.