EUR/USD has at long last taken out the 200-day ma and its current May high at 1.1012/19 with gusto, with scope for the 1.1240 December high, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, informs. See: German Retail Sales drop 5.3% MoM in April vs. -12% expected, EUR/USD keeps 1.11 Key quotes “The close above the 1.1012 200-day ma should be enough to regenerate upside interest to the 1.1240 December peak and beyond to the 200-week ma at 1.1332. Note that we have a confirmed buy signal on the DMI Index and now look for a move higher.” “Dips should find initial support at 1.0927 ahead of the short-term uptrend at 1.0815. Provided this holds, an upside bias remains entrenched.” 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 Poland: NBP surprising cut leaves room for the zloty to weaken – TDS FX Street 3 years EUR/USD has at long last taken out the 200-day ma and its current May high at 1.1012/19 with gusto, with scope for the 1.1240 December high, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, informs. See: German Retail Sales drop 5.3% MoM in April vs. -12% expected, EUR/USD keeps 1.11 Key quotes “The close above the 1.1012 200-day ma should be enough to regenerate upside interest to the 1.1240 December peak and beyond to the 200-week ma at 1.1332. Note that we have a confirmed buy signal on the DMI Index and now look for a move higher.” “Dips should… 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.
