As long as EUR/USD appears underpinned by the 1.1267/70 zone, there is still the chance of a recovery to the 1.1540 region and above, noted Karen Jones, head of FICC Technical Analysis at Commerzbank. Key Quotes “EUR/USD has again sold off and the move is now approaching the low 1.1300 region. The market remains underpinned by the 2016-2019 uptrend at 1.1307. We have additional support offered by the 1.1267/70 November and December lows. Provided that the market holds here we favour a recovery to the 1.1543 200 day ma and the 1.1623 mid October high and slightly longer term we target 1.1745, the 55 week ma”. “Failure at 1.1267 will trigger losses to the 1.1216 recent low and the 61.8% Fibonacci retracement of the 2017-18 advance at 1.1186. Please note that we continue to regard the 1.1216 recent low as an interim low for the market”. 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/JPY remains depressed near 109.70 area amid risk-off mood FX Street 4 years As long as EUR/USD appears underpinned by the 1.1267/70 zone, there is still the chance of a recovery to the 1.1540 region and above, noted Karen Jones, head of FICC Technical Analysis at Commerzbank. Key Quotes "EUR/USD has again sold off and the move is now approaching the low 1.1300 region. The market remains underpinned by the 2016-2019 uptrend at 1.1307. We have additional support offered by the 1.1267/70 November and December lows. Provided that the market holds here we favour a recovery to the 1.1543 200 day ma and the 1.1623 mid October high and slightly longer term we… 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.
