In opinion of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, EUR/USD could attempt to regain the 1.1080/95 area in the very near term. Key Quotes “EUR/USD has managed to stabilise around the 61.8% retracement at 1.0994. Thursdays price action constituted a key day reversal and we would allow for a rebound into the 1.1080/1.1095 band very near term. This is the location of the 55 day ma and we will need to regain this for a viable retest of the 1.1180 recent high. While capped by the 55 day ma, the market is regarded as under pressure and capable of extending the decline to the next Fibonacci support at 1.0943″. “It is possible that we will see one more final leg down to the base of the channel at 1.0865 and the 1.0814 Fibo retracement before a sustained recovery is seen”. 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 EUR Futures: rebound has further legs to go FX Street 3 years In opinion of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, EUR/USD could attempt to regain the 1.1080/95 area in the very near term. Key Quotes "EUR/USD has managed to stabilise around the 61.8% retracement at 1.0994. Thursdays price action constituted a key day reversal and we would allow for a rebound into the 1.1080/1.1095 band very near term. This is the location of the 55 day ma and we will need to regain this for a viable retest of the 1.1180 recent high. While capped by the 55 day ma, the market is regarded as under pressure… 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.
