A snippet from Commerz on the eruo - they like it higher
The basis of their bullish technical analysis view is:
- We regard recent lows at 1.1110/06 as an interim turning point and continue to view the market as based longer term and we target 1.1990 (measurement higher from the wedge)
Ahead:
- Above 1.1416 we look for a test of the 1.1570 2019 high
- Beyond this we target 1.1815/54 (highs from June and September 2018)
If there is much more of a pullback:
- Initial support lies at 1.1348 the 7th June high ahead of 1.1176 the 7th March high.
