EUR/USD trades in 2 ¾ year highs and targets the 2018 high at 1.2556 while dips should find support at the 1.2073 uptrend, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports. Key quotes “EUR/USD made a 2 ¾ year high at its current December high at 1.2235 whilst en route to the 1.2556 2018 high and 1.2624, the 200-month moving average, which remains our longer-term target.” “Slips should find initial support at 1.2073/58, the December 9 low and the nearby uptrend. Further support can be spotted at the 1.2014 September peak.” 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 GBP/USD: Brexit fish fight may prove buying opportunity, BOE unlikely to rein the bulls Yohay Elam 2 years EUR/USD trades in 2 ¾ year highs and targets the 2018 high at 1.2556 while dips should find support at the 1.2073 uptrend, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports. Key quotes “EUR/USD made a 2 ¾ year high at its current December high at 1.2235 whilst en route to the 1.2556 2018 high and 1.2624, the 200-month moving average, which remains our longer-term target.” “Slips should find initial support at 1.2073/58, the December 9 low and the nearby uptrend. Further support can be spotted at the 1.2014 September peak.” 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.
