Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the pair still keeps the upside bias. Key Quotes “EUR/USD saw a sharp dip lower, but this has not been enough to negate the upside bias following the recent erosion of the 6 week downtrend. The market will need to close above this resistance (currently at 1.1417) in order to alleviate downside pressure and initiate recovery to the mid-October high at 1.1623 (favoured)”. “Only above 1.1625 will neutralise the chart further and allow for another run up to the 1.1790/1.1815 region. We continue to favour the topside but there is more work to be done”. 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 Ethereum may shoot for $500 by the end of the year – expert opinion FX Street 4 years Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the pair still keeps the upside bias. Key Quotes "EUR/USD saw a sharp dip lower, but this has not been enough to negate the upside bias following the recent erosion of the 6 week downtrend. The market will need to close above this resistance (currently at 1.1417) in order to alleviate downside pressure and initiate recovery to the mid-October high at 1.1623 (favoured)". "Only above 1.1625 will neutralise the chart further and allow for another run up to the 1.1790/1.1815 region. We continue to favour the topside but there is… Top 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.
