Karen Jones, analyst at Commerzbank, points out that the EUR/USD pair has sold off towards 1.1110, the May 2017 low, which is the break down point to the 1.0814/78.6% retracement. Key Quotes “TD support on the weekly chart lies at 1.0963. Previous supports at 1.1175/85 will act as immediate resistance ahead of the 20 day ma at 1.1235. Intraday Elliott wave counts are negative and the DMI is also negative.” “Initial resistance is the 100 day ma at 1.1336 and the resistance line at 1.1370 ahead of the 200 day ma at 1.1425. Only above the 200 day ma would this imply reversal.” 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 GBP/JPY Technical Analysis: Sellers keep lurking around 143.80/70 FX Street 4 years Karen Jones, analyst at Commerzbank, points out that the EUR/USD pair has sold off towards 1.1110, the May 2017 low, which is the break down point to the 1.0814/78.6% retracement. Key Quotes "TD support on the weekly chart lies at 1.0963. Previous supports at 1.1175/85 will act as immediate resistance ahead of the 20 day ma at 1.1235. Intraday Elliott wave counts are negative and the DMI is also negative." "Initial resistance is the 100 day ma at 1.1336 and the resistance line at 1.1370 ahead of the 200 day ma at 1.1425. Only above the 200 day ma would… 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.
