According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s stance remains offered while below the 1.1746/50 band. Key Quotes “EUR/USD his breaking down from its converging range. Failure at 1.1575 (19th July low) will target the 1.1510/08 recent lows and below here lies the 200 week ma at 1.1373. The market is directly offered below the highs of the last 2 weeks at 1.1746/50. This looks like a potential symmetrical triangle – they tend to break in the direction of the preceding trend and moves tend to be aggressive!”. “On the topside the key level is 1.1790, the July peak, a recovery above 1.1790 will target 1.1855. Above 1.1855 we look for a deeper retracement to the 1.1939 55 week ma, with scope for the 1.1978 200 day ma, where we suspect that it will fail”. 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 Litecoin price analysis: LTC/USD down 3.2% on a daily basis, eToro’s Mati Greenspan says the coin is undervalued FX Street 5 years According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair's stance remains offered while below the 1.1746/50 band. Key Quotes "EUR/USD his breaking down from its converging range. Failure at 1.1575 (19th July low) will target the 1.1510/08 recent lows and below here lies the 200 week ma at 1.1373. The market is directly offered below the highs of the last 2 weeks at 1.1746/50. This looks like a potential symmetrical triangle - they tend to break in the direction of the preceding trend and moves tend to be aggressive!". "On the topside the key level is… 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.
