In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s attention appears to have shifted to the 1.1790 region. Key Quotes “EUR/USD has started to erode the short term downtrend. The break has not been sustained and we are unsure if this was a premature break or a false break. It is side lined and neutral. Currently attention has reverted to 1.1790, the July peak. A recovery above 1.1790 will target 1.1855. Above 1.1855 we look for a deeper retracement to the 1.1939 55 week ma, with scope for the 1.1978 200 day ma, where we suspect that it will fail”. “The market is now bid above 1.1575 the July low. Failure here would cast attention on the 1.1510/08 recent lows and below here lies the 200 week ma at 1.1373″. 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 Bitcoin Cash analysis: BCH/USD goes down 7%, $700 may be under threat FX Street 5 years In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair's attention appears to have shifted to the 1.1790 region. Key Quotes "EUR/USD has started to erode the short term downtrend. The break has not been sustained and we are unsure if this was a premature break or a false break. It is side lined and neutral. Currently attention has reverted to 1.1790, the July peak. A recovery above 1.1790 will target 1.1855. Above 1.1855 we look for a deeper retracement to the 1.1939 55 week ma, with scope for the 1.1978 200 day ma, where we… 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.
