Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the pair’s downside pressure should alleviate beyond 1.1710. Key Quotes “EUR/USD has reached target, namely the 1.1553 November low and the 200 week ma at 1.1433 and the 50% retracement of the move 2017-2018 at 1.1450. We expect to see some profit taking here”. “Rallies will need to overcome the accelerated downtrend at 1.1710 in order to alleviate downside pressure and signal a deeper retracement to 1.1810/1.1935″. “Below 1.1420 would introduce scope to the 61.8% retracement at 1.1186″. 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/USD keeps looking to Italy – Danske Bank FX Street 5 years Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested the pair's downside pressure should alleviate beyond 1.1710. Key Quotes "EUR/USD has reached target, namely the 1.1553 November low and the 200 week ma at 1.1433 and the 50% retracement of the move 2017-2018 at 1.1450. We expect to see some profit taking here". "Rallies will need to overcome the accelerated downtrend at 1.1710 in order to alleviate downside pressure and signal a deeper retracement to 1.1810/1.1935". "Below 1.1420 would introduce scope to the 61.8% retracement at 1.1186". 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.
