According to Karen Jones, Team Head FICC Technical Analysis at Commerzbank, dips in the pair are likely to meet contention in the 1.1040/45 band. Key Quotes “EUR/USD has started to erode the 55 day ma at 1.1087, but did not sustain the break. This slightly increases the risk of a retest of the 1.1180 recent high (favoured). Dips lower will find near term support offered by the 20 day ma at 1.1044 and will ideally remain contained by 1.0989, the recent low. Above 1.1180 will target the 1.1262 top of the channel and the 1.1359 200 week ma”. “Below 1.10989 lies the 1.0943 78.6% retracement”. 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 Xi: China, US should strengthen communication on strategic issues to avoid misjudgment FX Street 3 years According to Karen Jones, Team Head FICC Technical Analysis at Commerzbank, dips in the pair are likely to meet contention in the 1.1040/45 band. Key Quotes "EUR/USD has started to erode the 55 day ma at 1.1087, but did not sustain the break. This slightly increases the risk of a retest of the 1.1180 recent high (favoured). Dips lower will find near term support offered by the 20 day ma at 1.1044 and will ideally remain contained by 1.0989, the recent low. Above 1.1180 will target the 1.1262 top of the channel and the 1.1359 200 week ma". "Below 1.10989… 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.
