Commerzbank: the growth of euro / dollar will be stopped

Yesterday, a pair of Euro / dollar rose to six-week peak at 1.4290, but was not able to hold at these levels and by the end of the session the U.S. fell to a minimum at 1.4120. To date, a pair overcame resistance in the area of 1.4185/1.4200 and now moving towards long-term resistance at 1.4240/1.4365 area, where the maximum of June and goes through the line 10-month resistance (as well as a maximum of 29 Dec., 2008). According to analysts of Commerzbank, this area keeps growing euro / dollar. Regarding the reduction of a pair, the key is the level of 1.4055 - Bank currency strategists believe that in the event of a breakthrough, downward movement of the euro / dollar strengthened. If that happens, the next support will be 55-day moving average, which takes place at the level of 1.3969, after which the couple rushed to the area of 1.3740/04. At this time, a pair of Euro / dollar traded near 1.4220 level.