EUR/USD (Commerzbank) : The Euro has the potential to continue its rise in the very short term




Commerzbank think that EUR/USD could still climb a little more about the Forex in the very short term.

«EUR/USD continues to show a rebound since the low of August at 1.1662. The first resistance comes at 1.1833, the top of the end of September and moving averages 20 and 55 days have been chipped, which could reinforce the increase to 1.1910/25, where she could slow down, now intact to the top of 1.2092.

We saw a break in the 1.1660 as a trigger for a fall towards the summit from mid-June to 1.1296 and the most important threshold of 1.1110, the low of may. «



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