EUR/USD maintained upside pressure last week and has eroded the 1.1570 2019 high and the 1.1596 50% retracement of the move down from 2018. Today, the pair has lifted to fresh tops above 1.17 the figure and Commerzbank’s Karen Jones targets the September 2018 high at 1.1833. Key quotes “We have a number of warning signals now and caution is warranted, but acknowledge that the market remains bid.” “We target 1.1815/33, this a 61.8% Fibonacci retracement, a 12-year resistance line and the September 2018 high. This is highly likely to hold the initial test.” “Initial support lies at the March high at 1.1495. Ideally dips lower will be contained by the two-month uptrend at 1.1383.” “Above 1.1833 would target 1.2635/66, the 200-month ma”. 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 Bitcoin Cash Price Analysis: BCH/USD gains 5% in a matter of minutes, bumps into $254.00 FX Street 3 years EUR/USD maintained upside pressure last week and has eroded the 1.1570 2019 high and the 1.1596 50% retracement of the move down from 2018. Today, the pair has lifted to fresh tops above 1.17 the figure and Commerzbank’s Karen Jones targets the September 2018 high at 1.1833. Key quotes “We have a number of warning signals now and caution is warranted, but acknowledge that the market remains bid.” “We target 1.1815/33, this a 61.8% Fibonacci retracement, a 12-year resistance line and the September 2018 high. This is highly likely to hold the initial test.” “Initial support lies at the March… 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.
