EUR/USD on its way to 1.3000? – Commerzbank

By FXstreet.com | August 27, 2014 AAA

FXStreet (Edinburgh) - The singe currency keeps the offered tone with the focus on 1.3105 ahead of the 1.3000 region, suggested Axel Rudolph. Senior Technical Analysis at Commerzbank.



Key Quotes



EUR/USD has so far slipped to an August low at 1.3153 while en route to the 1.3105 September low and the psychological1.3000 region”.



“Resistance comes in along the breached support line at 1.3279 and around 1.3333/36 with further resistance being seen along the three month downtrend line at 1.3402”.



“While trading below here, downside pressure should be maintained”.



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