EUR/USD (Commerzbank) : We maintain a bearish view on the Euro Dollar following the recent rebound

Commerzbank maintains a negative bias for EUR/USD on the Forex and think that the rebound is expected to remain limited.

«EUR/USD continues to show a rebound since the low of August at 1.1662. While we can observe an expansion to the resistance line and the top of the 2 August to 1.1900/14, we believe that we will go no higher.

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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