According to Karen Jones, analyst at Commerzbank, EUR/USD has starting to recover from just above 1.1110/06, the April and May lows. Key Quotes “We would consider a close above 1.1176/81 (mid-June low and March low) enough of a trigger to signal recovery to the 55 day ma at 1.1239 and the highs from last week at 1.1285. But while capped here it will remain on the defensive. Below 1.1100 will introduce scope to the 1.0974 2018-2019 support line, which in turn guards the 78.6% retracement at 1.0814/78.6% retracement.” “Initial resistance lies at 1.1285, the 11th July high and this guards the more important 55 week ma at 1.1372.” “The market will need to regain the 55 week ma at 1.1372 to generate upside interest.” 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 NZ: Unemployment rate likely rose to 4.4% in Q2 – ANZ FX Street 4 years According to Karen Jones, analyst at Commerzbank, EUR/USD has starting to recover from just above 1.1110/06, the April and May lows. Key Quotes "We would consider a close above 1.1176/81 (mid-June low and March low) enough of a trigger to signal recovery to the 55 day ma at 1.1239 and the highs from last week at 1.1285. But while capped here it will remain on the defensive. Below 1.1100 will introduce scope to the 1.0974 2018-2019 support line, which in turn guards the 78.6% retracement at 1.0814/78.6% retracement." "Initial resistance lies at 1.1285, the 11th July high and this guards… 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.
