EUR/USD: Await Breakout; AUD/USD: Sell Into 55d AVG

Last week EUR/USD was sidelined between its 1.3336/33 current August lows and the upper pennant line at 1.3419, notes Commerzbank. “The near term risk is still for a corrective rebound towards the three month downtrend line at 1.3452 to unfold. A daily close below 1.3333 is needed to trigger furt…

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EUR/USD: Await Breakout; AUD/USD: Sell Into 55d AVG – Commerzbank

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