EUR/USD is trading around 1.19 as the pair creeps ever closer to its range high at 1.1920/26. Above this level, the world’s most popular currency pair sees next resistance at the August high of 1.2014, analysts at Commerzbank apprise. Key quotes “EUR/USD is finding initial support at the 1.1783 55-day ma and is creeping ever closer to its range high. It is viewed as a bullish consolidation, the DMI stays positive and the intraday Elliott wave counts are positive but we have yet to see the trigger of a break higher.” “The pair is consolidating below its current November high at 1.1920 and the 78.6% retracement at 1.1926, but it will remain bid in its range while above the six month support line at 1.1695.” “Resistance at 1.1926 is considered the last defence for the August peak at 1.2014.” 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 NZD/USD to advance nicely above 0.70 – Westpac FX Street 2 years EUR/USD is trading around 1.19 as the pair creeps ever closer to its range high at 1.1920/26. Above this level, the world’s most popular currency pair sees next resistance at the August high of 1.2014, analysts at Commerzbank apprise. Key quotes “EUR/USD is finding initial support at the 1.1783 55-day ma and is creeping ever closer to its range high. It is viewed as a bullish consolidation, the DMI stays positive and the intraday Elliott wave counts are positive but we have yet to see the trigger of a break higher.” “The pair is consolidating below its current November high… 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.
