EUR/USD: Above 1.2243 targets 1.2349, the 2021 high - Commerzbank

FXStreet notes that EUR/USD is again probing 1.2243, the February high, as the U..S dollar is back under pressure. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to test the 2021 high at 1.2349 next.

“EUR/USD is underpinned by the near term uptrend at 1.2116 and stays immediately bid above here.” 

“Above 1.2243 targets 1.2349, the 2021 high.” 

“Our longer term target is 1.2556/1.2619, the 2018 high.”