In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the European cross could see a small retracement in the short term horizon. Key Quotes “EUR/GBP has rallied towards and halted just ahead of the .8967 March high and the .8964 50% retracement, we are looking for a small pullback at this stage. We would allow for some near term profit taking. Dips back will find initial support at the 200 day ma at .8819 and the 55 day ma at .8805. Above .8967 will target the .9034 October 2017 high”. “Dips lower will find initial support at .8805, the 55 day ma. This guards the .8775 uptrend, then .8717, the 15th June low. While above here we will assume that it stays bid”. 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/JPY scope for a test of 110.25 – UOB FX Street 5 years In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the European cross could see a small retracement in the short term horizon. Key Quotes "EUR/GBP has rallied towards and halted just ahead of the .8967 March high and the .8964 50% retracement, we are looking for a small pullback at this stage. We would allow for some near term profit taking. Dips back will find initial support at the 200 day ma at .8819 and the 55 day ma at .8805. Above .8967 will target the .9034 October 2017 high". "Dips lower will find initial support at… 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.
