In light of yesterday's movement of the euro, EUR/USD can attempt to test 1.0816, warn from Commerzbank. According to analysts, the pair showed interesting price movements yesterday, as on the market there was a slight breakthrough of lowest since November 2015 level - 1.0523, which clearly showed an unwillingness of the pair to break the level of March 2015 - 1.0457, which break could open the way for parity.
The level at 1.0700/02 was broken and now it should act as support. Break up opens the way to 1.0816. Then there are resistances at 1.0821 and 1.0851, analysts say.
Their bearish forecast remains valid as long as the trading is below these levels. A breakout will lead to the initiation of recovery to 1.0910 and 1.1000.
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