At press time, the EUR/USD pair is trading at 1.1355, representing a 0.23% gain on the day, after reaching the 1.1370 level. Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, expects the world’s most popular currency pair to test the June peak at 1.1422 and the 1.1495 March high where EUR/USD should be capped initially. Key quotes “EUR/USD is heading for the June peak at 1.1422. This will remain the case while the cross remains above the two month support line at 1.1257 and, more importantly, above the 1.1168 June 22 low. This, together with the March high at 1.1495, represents quite formidable resistance which we would expect to cap at first.” “A break higher is eventually favoured and would target the 2019 high at 1.1570, then 1.1815/22, the 61.8% Fibonacci retracement of the move down from the 2018 peak and the September 2018 high.” 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 NZD/USD breaks resistance at 0.6575, next target is the 0.6756 January 1 high – ANZ FX Street 3 years At press time, the EUR/USD pair is trading at 1.1355, representing a 0.23% gain on the day, after reaching the 1.1370 level. Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, expects the world’s most popular currency pair to test the June peak at 1.1422 and the 1.1495 March high where EUR/USD should be capped initially. Key quotes “EUR/USD is heading for the June peak at 1.1422. This will remain the case while the cross remains above the two month support line at 1.1257 and, more importantly, above the 1.1168 June 22 low. This, together with the March high at 1.1495,… 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.
