According to Karen Jones, analyst at Commerzbank, EUR/GBP cross has held the initial test of the .9088 31st July low and we are seeing a very small bounce higher very near term. Key Quotes “It remains overall downside corrective – the market has temporarily topped at .9327 and we look for losses to the 55 day ma at .9027 and there is scope for the 50% retracement at .8896.” “The intraday Elliott wave counts are conflicting and for now we will step aside. Intraday rallies are likely to hold below .9225. Above .9327 targets .9403, the 2016 high and eventually .9803. Only below the July low at .8891 will alleviate upside pressure.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF retakes 0.9800 handle, focus remains on FOMC minutes FX Street 4 years According to Karen Jones, analyst at Commerzbank, EUR/GBP cross has held the initial test of the .9088 31st July low and we are seeing a very small bounce higher very near term. Key Quotes "It remains overall downside corrective - the market has temporarily topped at .9327 and we look for losses to the 55 day ma at .9027 and there is scope for the 50% retracement at .8896." "The intraday Elliott wave counts are conflicting and for now we will step aside. Intraday rallies are likely to hold below .9225. Above .9327 targets .9403, the 2016 high and eventually… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
