Friday, May 22, 2009

Commerzbank expects the strengthening of the euro / franc

The pair euro / franc fell to one-peak, reached on Friday at the European session. According to analysts of Commerzbank, today's closing above the 1.5175 corrective confirmation will be at least 1.5015. In this case, the bank expected growth to a pair of 200-day moving average at 1.5230, followed by 1.5280 and to the target level at 1.5345 Fibonacci rollback. The pair euro / franc is trading at 1.5208 in the range of 1.5235-1.5184 day.

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