Karen Jones, analyst at Commerzbank, points out that the EUR/USD pair has broken up from a falling wedge pattern, rallies will find initial resistance at the 200 day ma at 1.1480 and the 1.1570 January high together with the 66 week ma at 1.1630, which is a reversal pattern and it is bullish it implies that 1.1176 is an interim low in place Key Quotes “We have our doubts that the market will at this juncture retest the Dips should find initial support at the 1.1367 100 day ma ahead of the 1.1329 20 day ma, this should now hold the downside for further upside attempts.” “Below 1.1185/75 (61.8% retracement) lies the 1.1110, the May 2017 low and the 1.0814/78.6% retracement.” 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 futures: rising odds for further retracements FX Street 4 years Karen Jones, analyst at Commerzbank, points out that the EUR/USD pair has broken up from a falling wedge pattern, rallies will find initial resistance at the 200 day ma at 1.1480 and the 1.1570 January high together with the 66 week ma at 1.1630, which is a reversal pattern and it is bullish it implies that 1.1176 is an interim low in place Key Quotes "We have our doubts that the market will at this juncture retest the Dips should find initial support at the 1.1367 100 day ma ahead of the 1.1329 20 day ma, this should now hold… 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.
