Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the pair could attempt a test of 1.1735 and 1.1875. Key Quotes “EUR/USD has recently reached our target band at 1.1553-1.1432. It is the location of the November 2017 low, the 200 week ma and the 50% retracement of the move from 2017-2018. We are seeing some profit taking in this band and rallies have eroded the accelerated downtrend and reached the 23.6% retracement at 1.1723. We are allowing for a deeper retracement to 1.1735, 1.1875″. “Below 1.1420 would introduce scope to the 61.8% retracement at 1.1186″. 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 UK: Manufacturing PMI likely to print 53.5 for May – Nomura FX Street 5 years Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the pair could attempt a test of 1.1735 and 1.1875. Key Quotes "EUR/USD has recently reached our target band at 1.1553-1.1432. It is the location of the November 2017 low, the 200 week ma and the 50% retracement of the move from 2017-2018. We are seeing some profit taking in this band and rallies have eroded the accelerated downtrend and reached the 23.6% retracement at 1.1723. We are allowing for a deeper retracement to 1.1735, 1.1875". "Below 1.1420 would introduce scope to the 61.8% retracement at 1.1186". 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.
