In opinion of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, EUR/USD could attempt a corrective downside to the 1.1050 area and probably 1.1000 in the short-term horizon. Key Quotes “The EUR/USD is showing signs of initial failure at the top of the 14 month down channel at 1.1182 and the 1.1240 December high. We would allow for a correction back to 1.1050 and possibly 1.1000 near term. Below here dips will find some support at 1.0926, the 3 rd September low and the 1.0879 the October low, but key support remains the 20 year uptrend at 1.0763.” “Above 1.1240 lies the 1.1300 55 month ma and the 200 week ma at 1.1346. This is critical from a longer term perspective, a weekly close above here would target the 12 year downtrend at 1.1950.” 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 China’s Vice Finance Minister: Coronavirus outbreak could temporarily affect govt revenues FX Street 2 years In opinion of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, EUR/USD could attempt a corrective downside to the 1.1050 area and probably 1.1000 in the short-term horizon. Key Quotes “The EUR/USD is showing signs of initial failure at the top of the 14 month down channel at 1.1182 and the 1.1240 December high. We would allow for a correction back to 1.1050 and possibly 1.1000 near term. Below here dips will find some support at 1.0926, the 3 rd September low and the 1.0879 the October low, but key support remains the 20 year uptrend at 1.0763.”… 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.
