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EUR/USD Uptrend Poised To Resume - Commerzbank

Forex News: EUR/USD fails to hold the break to new highs Tuesday but Commerzbank analyst Andy Hart says indications are that its longer-term uptrend is poised to resume. Now trades at 1.5930 he would use the 9-day MA at 1.5807 as an entry point for longs, with the 27-day MA, currently at 1.5672 as a stop. Topside, Hart's initial target is 1.6250, then onto 1.6571.




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