He EUR/USD trades at 2-year highs and targets 2018 high at 1.2556, while the cFalls should find support at the 1.2073 uptrend, reports Axel Rudolph, senior technical analyst at Commerzbank.
“EUR / USD hit a nearly 3-year high at its current December high at 1.2244 as it heads to the 2018 high at 1.2556 and 1.2624, the 200-month moving average, which remains our long-term target.”
“The declines should find initial support at 1.2073 / 58, the low of December 9, and the uptrend nearby. More support can be seen on the September 1.2014 ceiling ”.
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