Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the pair attention should shift to 1.1510/08 zone while below 1.1650. Key Quotes “EUR/USD continues to consolidate below its 55 day ma at 1.1741 and is it starting to erode the 20 day ma at 1.1654. The intraday Elliott wave counts are more negative and currently the market is on the defensive. Below 1.1650 will retarget the 1.1510/08 recent lows and below here then the 200 week ma at 1.1388″. “A recovery above 1.1790 will target 1.1855. Above 1.1855 we look for a deeper retracement to the 1.1927 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 NEO price analysis: NEO/USD gained 3% recovering from critical support levels FX Street 5 years Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the pair attention should shift to 1.1510/08 zone while below 1.1650. Key Quotes "EUR/USD continues to consolidate below its 55 day ma at 1.1741 and is it starting to erode the 20 day ma at 1.1654. The intraday Elliott wave counts are more negative and currently the market is on the defensive. Below 1.1650 will retarget the 1.1510/08 recent lows and below here then the 200 week ma at 1.1388". "A recovery above 1.1790 will target 1.1855. Above 1.1855 we look for a deeper retracement to the 1.1927 55 week… 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.
