In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair remains offered below the 1.1474 level for the time being. Key Quotes “EUR/USD remains directly offered below the 20 day ma at 1.1474. There is scope for a retest of the 1.1315 200 week ma and 1.1301 recent low. This is expected to hold the down side. We will attempt to buy this dip, we note the TD perfected set up on the daily chart and are cautious of the move lower”. “Initial resistance is the 20 day ma and this guards the 1.1623 mid October high”. “Below 1.1300 we have a pivot line back to 2015 which is located at 1.1264 this week . This guards the 61.8% retracement at 1.1185″. 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 USD/CAD Technical Analysis: Forms a symmetrical triangle (bullish continuation pattern) on hourly chart FX Street 4 years In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair remains offered below the 1.1474 level for the time being. Key Quotes "EUR/USD remains directly offered below the 20 day ma at 1.1474. There is scope for a retest of the 1.1315 200 week ma and 1.1301 recent low. This is expected to hold the down side. We will attempt to buy this dip, we note the TD perfected set up on the daily chart and are cautious of the move lower". "Initial resistance is the 20 day ma and this guards the 1.1623 mid October… 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.
