Karen Jones, analyst at Commerzbank, suggests that EUR/USD has maintained its recovery from the base of the weekly channel at 1.0892 currently. Key Quotes “We have 13 counts on the daily and weekly charts and suspect that the market is attempting to base near term. It will need to close above the 4 month downtrend at 1.1027 to confirm that stance and alleviate downside pressure. This would trigger recovery to the mid September high at 1.1110.” “A close above here would confirm a bottoming formation and put the 200 day ma at 1.1226 back on the cards.” “Below 1.0879 we have the January 2017 low at 1.0829 and the 78.6% Fibonacci retracement of the 2017-2018 advance at 1.0814.” 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 Canada: Housing Starts remain strong – RBC FX Street 3 years Karen Jones, analyst at Commerzbank, suggests that EUR/USD has maintained its recovery from the base of the weekly channel at 1.0892 currently. Key Quotes "We have 13 counts on the daily and weekly charts and suspect that the market is attempting to base near term. It will need to close above the 4 month downtrend at 1.1027 to confirm that stance and alleviate downside pressure. This would trigger recovery to the mid September high at 1.1110." "A close above here would confirm a bottoming formation and put the 200 day ma at 1.1226 back on the cards." "Below 1.0879 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.
