The EUR/USD pair has eroded the 1.1990/1.2014 pivot to reassert the up move as theUS Dollar drops sharply lower, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. EUR/USD is bid above 1.1885 “EUR/USD has at last eroded the 1.1990/1.2014 pivot, and attention has reverted to the topside and initial resistance is the March 3 high at 1.2115, ahead of 1.2243, the February high. “The Elliott wave count is suggesting dips lower are likely to remain fairly tepid and hold around 1.1890.” “This move adds weight to the idea that the market has resumed its longer term bull trend against the dollar.” 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 to edge lower towards key support at 107.80/70 – OCBC FX Street 2 years The EUR/USD pair has eroded the 1.1990/1.2014 pivot to reassert the up move as theUS Dollar drops sharply lower, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. EUR/USD is bid above 1.1885 "EUR/USD has at last eroded the 1.1990/1.2014 pivot, and attention has reverted to the topside and initial resistance is the March 3 high at 1.2115, ahead of 1.2243, the February high. "The Elliott wave count is suggesting dips lower are likely to remain fairly tepid and hold around 1.1890." "This move adds weight to the idea that the market has resumed its longer… 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.
