4 Sep 2013
Flash: EUR/USD is continuing to grind lower – Commerzbank
FXstreet.com (London) - Karen Jones chief analysts noted the EUR/USD is continuing to grind lower.
Key Quotes:
“EUR/USD is continuing to grind lower and we note that the market has reached its 200 day ma at 1.3146”.
“We suspect that this may prompt some profit taking. However intraday charts are indicating that rallies should be contained by 1.3200/1.3240 for further losses.
Key Quotes:
“EUR/USD is continuing to grind lower and we note that the market has reached its 200 day ma at 1.3146”.
“We suspect that this may prompt some profit taking. However intraday charts are indicating that rallies should be contained by 1.3200/1.3240 for further losses.