According to Karen Jones, analyst at Commerzbank, EUR/USD pair is approaching tougher resistance at the 55 and 100 day ma at 1.1364/66 and we would allow for initial failure and some slippage back to the low 1.1300 region. Key Quotes “We have our doubts that the market will at this juncture retest the 61.8% Fibonacci retracement of the 2017-18 advance at 1.1186 and suspect that this may be a falling wedge (bullish formation) developing.” “Rallies will find initial resistance at 1.1366/67, the 55 and 100 day ma, which guard the 1.1420 end of February high and the 1.1419 downtrend. Above the downtrend lies the 1.1482 200 day ma and the 1.1570 January 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 UK: Brexit in focus again – Danske Bank FX Street 4 years According to Karen Jones, analyst at Commerzbank, EUR/USD pair is approaching tougher resistance at the 55 and 100 day ma at 1.1364/66 and we would allow for initial failure and some slippage back to the low 1.1300 region. Key Quotes "We have our doubts that the market will at this juncture retest the 61.8% Fibonacci retracement of the 2017-18 advance at 1.1186 and suspect that this may be a falling wedge (bullish formation) developing." "Rallies will find initial resistance at 1.1366/67, the 55 and 100 day ma, which guard the 1.1420 end of February high and the 1.1419 downtrend. Above… 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.
