EUR/USD is reaching tougher resistance after seeing an upside correction. Nonetheless, the pair is set to remain under pressure while below the 1.2014 level, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. Above 1.1990/1.2014 lies the March high at 1.2243 “EUR/USD is correcting higher and shortly it will encounter the 38.2% retracement at 1.1950 and the more important 1.1990/1.2014 pivot. The market will need to regain this latter level in order to cast attention back to the 1.2243 March high.” “So far the rally remains just a correction higher and failure in the 1.950-1.2014 band will keep attention on the downside.” “Nearby support lies 1.1704/1.1695. Below 1.1695 we have TD support at 1.1648 and the previous 2008- 2020 downtrend lies at 1.1570 and we are reversing ahead of here.” 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 US Dollar Index resumes the downside near 92.30 FX Street 2 years EUR/USD is reaching tougher resistance after seeing an upside correction. Nonetheless, the pair is set to remain under pressure while below the 1.2014 level, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. Above 1.1990/1.2014 lies the March high at 1.2243 "EUR/USD is correcting higher and shortly it will encounter the 38.2% retracement at 1.1950 and the more important 1.1990/1.2014 pivot. The market will need to regain this latter level in order to cast attention back to the 1.2243 March high." "So far the rally remains just a correction higher and failure in the 1.950-1.2014 band will keep… 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.
