In opinion of Karen Jones, Team Head FICC Technical Analysis at Commerzbank, EUR/USD could re-test the 1.1180 region while above 1.1093. Key Quotes “EUR/USD has managed to stabilise around the 61.8% retracement at 1.0994. Thursdays price action constituted a key day reversal and we have seen a recovery to the 55 day ma at 1.1093. We will need to regain this for a viable retest of the 1.1180 recent high (favoured). While capped by the 55 day ma, the market is regarded as under pressure and capable of extending the decline to the next Fibonacci support at 1.0943″. “Above 1.1180 will target the 1.1262 top of the channel and the 1.1359 200 week ma”. 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 Miners HODL Bitcoin SV for fear of price collapse FX Street 3 years In opinion of Karen Jones, Team Head FICC Technical Analysis at Commerzbank, EUR/USD could re-test the 1.1180 region while above 1.1093. Key Quotes "EUR/USD has managed to stabilise around the 61.8% retracement at 1.0994. Thursdays price action constituted a key day reversal and we have seen a recovery to the 55 day ma at 1.1093. We will need to regain this for a viable retest of the 1.1180 recent high (favoured). While capped by the 55 day ma, the market is regarded as under pressure and capable of extending the decline to the next Fibonacci support at 1.0943". "Above 1.1180… 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.
