EUR/USD has rallied higher and attention has reverted to the 200-day ma and its current May high at 1.1012/19, as Commerzbank’s Karen Jones notes. OCBC Bank is looking for this level to cap gains. Key quotes “Dips should find initial support at 1.0870 ahead of the short-term uptrend at 1.0804. Provided this holds, the market should recover to re-tackle the 200-day ma at 1.1012.” “A close above the 1.1012 200-day ma (favoured) is needed to regenerate upside interest to the 1.1240 December peak and beyond. Note that we have a confirmed buy signal on the DMI Index and now look for a move higher.” 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 US Dollar Index treading water above 99.00 FX Street 3 years EUR/USD has rallied higher and attention has reverted to the 200-day ma and its current May high at 1.1012/19, as Commerzbank’s Karen Jones notes. OCBC Bank is looking for this level to cap gains. Key quotes “Dips should find initial support at 1.0870 ahead of the short-term uptrend at 1.0804. Provided this holds, the market should recover to re-tackle the 200-day ma at 1.1012.” “A close above the 1.1012 200-day ma (favoured) is needed to regenerate upside interest to the 1.1240 December peak and beyond. Note that we have a confirmed buy signal on the DMI Index and now look… 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.
