In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could recede to the 1.1600/1.1550 region. Key Quotes “EUR/USD has eased back from the 1.1790/1.1803 resistance area. The failure here is currently indicated to pull back to the 1.1600/1.1550 region. This is viewed as corrective only. There is scope for a deeper retracement to the 1.1510/08 key support. Provided this holds we will assume an overall upside bias”. “We are awaiting a close above 1.1790 which should be enough to trigger a move to the 1.1853 mid-June high and the 1.1904 55 week ma. Directly above here lies the 200 day ma at 1.1945 and we would allow for some profit taking there. We continue to view the August low at 1.1301 as a significant turn for the market”. 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 What’s next for USD/JPY after setting a new high for the year? Yohay Elam 4 years In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could recede to the 1.1600/1.1550 region. Key Quotes "EUR/USD has eased back from the 1.1790/1.1803 resistance area. The failure here is currently indicated to pull back to the 1.1600/1.1550 region. This is viewed as corrective only. There is scope for a deeper retracement to the 1.1510/08 key support. Provided this holds we will assume an overall upside bias". "We are awaiting a close above 1.1790 which should be enough to trigger a move to the 1.1853 mid-June high and the 1.1904 55 week ma. Directly above… 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.
