Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair is expected to hold and reverse around the 1.1466/11 area. Key Quotes “EUR/USD sold off and started to erode a 5 month pivot line at 1.1466 yesterday. It continues to weigh on the downside. Between here and 1.1411, the 78.6% retracement, we will ideally see the market hold and reverse. We note that the Elliott wave count is still labelling this as corrective only. Rallies will find initial resistance at 1.1597/1.1631, the 20 and 55 day ma and only above here will allow for another run up to the 1.1790/1.1815 region”. “This is seen as the last defence for the 1.1330 200 week ma and the 1.1301 recent low”. 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 USD/CNY could hit 7.10 by end Q1 2019 – UOB FX Street 4 years Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair is expected to hold and reverse around the 1.1466/11 area. Key Quotes "EUR/USD sold off and started to erode a 5 month pivot line at 1.1466 yesterday. It continues to weigh on the downside. Between here and 1.1411, the 78.6% retracement, we will ideally see the market hold and reverse. We note that the Elliott wave count is still labelling this as corrective only. Rallies will find initial resistance at 1.1597/1.1631, the 20 and 55 day ma and only above here will allow for another run up to the… 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.
