Karen Jones, analyst at Commerzbank, suggests that EUR/USD is offered near term and attention is on the 1.0989 mid-November low and whilst it holds, last week’s high at 1.1097 may be revisited, a rise above which would have the 1.1180 October high in its sights. Key Quotes “Above 1.1180 will target the 1.1255 one year channel. However the support is looking increasingly exposed and failure here will trigger another leg lower to the 1.0943 78.6% retracement.” “It is possible that we will see one more final leg down to the base of the channel at 1.0844 and the 1.0814 Fibo retracement before a sustained recovery is seen (but this is not our favoured view).” 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 If Trump refuses to roll back tariffs, loss to American farmers could be permanent – Global Times FX Street 3 years Karen Jones, analyst at Commerzbank, suggests that EUR/USD is offered near term and attention is on the 1.0989 mid-November low and whilst it holds, last week's high at 1.1097 may be revisited, a rise above which would have the 1.1180 October high in its sights. Key Quotes "Above 1.1180 will target the 1.1255 one year channel. However the support is looking increasingly exposed and failure here will trigger another leg lower to the 1.0943 78.6% retracement." "It is possible that we will see one more final leg down to the base of the channel at 1.0844 and the 1.0814 Fibo… 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.
