Commerzbank experts assume that EURUSD will continue its rally if the trading week is closed above 1.4285. The dynamics will remain upward until the currency pair is traded above the upward trendline located at the level of 1.4157. The key support levels are 1.4445 and 1.4535 (the high of 1995), the tech analysts of Commerzbank say.
How correct is the given forecast?
Experts of the Department of studying Masterforex-V trading system assume the following:
1. EURUSD is forming wave C of wave level Daily from the MF Reference Point 1.3427.
2. The MF pivot and sloping channel defending the uptrend around 1.4214 will prompt the end of the mentioned wave C of Daily once they are overcome and supported by the AO.
3. The key resistance level is 1.4447 (38.2% MN with the market orders of big-scale market makers)
The calculations made by the MF-V Academy experts match the calculations made by Commerzbank concerning the significant resistance for the uptrend.
