Currency Analyst since 2010

Commerzbank: short-term EUR/USD long

Buy limit: $1.3120

Target: $1.3295

Stop: $1.3050

Analysts at Commerzbank say that the single currency is on its way down to $1.3105 and $1.3000 as long as it’s trading below $1.3400 (3-month downtrend line). Today, however, the specialists expect euro to recover. Resistance is also at $1.3271 and $1.3333/36.

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