According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair should keep looking south while below 1.1723/90. Key Quotes “EUR/USD sold off yesterday charting an outside day to the downside. Rallies have not been enough to dislodge any resistance of note. For now we will assume while below the 55 day ma at 1.1723 and the last week’s high at 1.1790 a downside bias remains. The market remains on the defensive currently and attention stays on the 1.1510/08 recent lows and below here the 200 week ma at 1.1382″. “A recovery above 1.1790 will target 1.1855. Above 1.1855 we look for a deeper retracement to the 1.1930 55 week ma, with scope for the 1.1986 200 day ma, where we suspect that it will fail”. 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: Under pressure? – Danske Bank FX Street 5 years According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair should keep looking south while below 1.1723/90. Key Quotes "EUR/USD sold off yesterday charting an outside day to the downside. Rallies have not been enough to dislodge any resistance of note. For now we will assume while below the 55 day ma at 1.1723 and the last week's high at 1.1790 a downside bias remains. The market remains on the defensive currently and attention stays on the 1.1510/08 recent lows and below here the 200 week ma at 1.1382". "A recovery above 1.1790 will target 1.1855. 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.
