Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the pair’s stance remains negative while below 1.1790. Key Quotes “EUR/USD‘s outlook is neutral to negative. It is side lined but recovering in its range. This will remain the case while it is capped by the near term resistance line at 1.1731. For now we will assume while below 1.1790, a downside bias remains, however the market is fairly neutral currently. Attention stays on the 1.1510/08 recent lows and below here lies the 200 week ma at 1.1373″. “The pattern being traced out on the chart is a potential descending triangle. For this to stay valid, prices should remain below the resistance line – these patterns are bearish. Above here will argue for the possibility of a base pattern”. 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 BoJ Gov. Kuroda: Today’s decision in aimed at making QQE more sustainable FX Street 5 years Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the pair's stance remains negative while below 1.1790. Key Quotes "EUR/USD's outlook is neutral to negative. It is side lined but recovering in its range. This will remain the case while it is capped by the near term resistance line at 1.1731. For now we will assume while below 1.1790, a downside bias remains, however the market is fairly neutral currently. Attention stays on the 1.1510/08 recent lows and below here lies the 200 week ma at 1.1373". "The pattern being traced out on the chart is a potential descending… 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.
