Rallies in EUR/USD to find resistance at 1.1465/95 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerbank, sees bullish attempts in EUR/USD facing the initial resistance in the 1.1465/95 region.

Key Quotes

“Rallies are expected to remain muted (initial resistance at 1.1465/95) and we look for the market to remain under pressure following its recent rejection at resistance offered by the top of 2 channels– these are located at 1.1675/1.1742 and are reinforced by the August 2015 high at 1.1713”.