According to Karen Jones, analyst at Commerzbank, EUR/USD has started to approach its 6 month resistance line at 1.1457 and directly above here lies the 200 day ma at 1.1507. Key Quotes “It has not cleared the 100 day ma at 1.1387 yet but we look for it to remain underpinned by the 1.1216 November low. We continue to favour recovery. Above the 200 day ma will re-target the 1.1623 mid October high and slightly longer term we look for gains to 1.1685, the 55 week ma.” “Long term trend (1-3 months): A rise above the recent high at 1.1623 would confirm a trend reversal and put the 55 week moving average at 1.1723 back on the cards.” 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 JPY futures: bearish note expected to persist FX Street 4 years According to Karen Jones, analyst at Commerzbank, EUR/USD has started to approach its 6 month resistance line at 1.1457 and directly above here lies the 200 day ma at 1.1507. Key Quotes "It has not cleared the 100 day ma at 1.1387 yet but we look for it to remain underpinned by the 1.1216 November low. We continue to favour recovery. Above the 200 day ma will re-target the 1.1623 mid October high and slightly longer term we look for gains to 1.1685, the 55 week ma." "Long term trend (1-3 months): A rise above the recent high at 1.1623… 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.
