EUR/USD targets the 1.2092 September high - Commerzbank

Karen Jones, Analyst at Commerzbank, provides the key EUR/USD technical levels to watch out for on the first trading session of 2018.

Key Quotes:

“EUR/USD has broken and closed above the 1.1976/78.6% retracement and in doing so targets the 1.2092 September high. This is now exposed and a break above here will target initially the 1.2168 50% retracement of the move down from 2015 high and then the 1.2414 200 month ma.”