EUR/USD is trading at around 1.1765, down -0.17% on the day, as the US dollar is correcting higher. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, notes that RSI has diverged and expects a deep consolidation on the pair. Key quotes “EUR/USD last week rallied to and failed at the 1.1915 January 2018 low and last month’s high at 1.1908. There is now a large divergence of the RSI and we would allow for a deeper correction lower.” “Initial support lies 1.1646/36 (a double Fibo) ahead of the three-month uptrend at 1.1500 and the March high at 1.1495.” “Above 1.1915/20 we will just go with it and look for further gains to 1.2635/66, the 200-month ma.” 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 WTI Price Analysis: $42.30 is the level to beat for the bulls FX Street 2 years EUR/USD is trading at around 1.1765, down -0.17% on the day, as the US dollar is correcting higher. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, notes that RSI has diverged and expects a deep consolidation on the pair. Key quotes “EUR/USD last week rallied to and failed at the 1.1915 January 2018 low and last month's high at 1.1908. There is now a large divergence of the RSI and we would allow for a deeper correction lower.” “Initial support lies 1.1646/36 (a double Fibo) ahead of the three-month uptrend at 1.1500 and the March high at 1.1495.” … 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.
