In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s upside pressure should re-emerge on a close above the 1.1450 area. Key Quotes “EUR/USD‘s rebound from the 1.1301 recent low has eroded the 6 week downtrend at 1.1430 and the 20 day ma at 1.1450. The market will need to close above this resistance in order to alleviate downside pressure and initiate recovery to the mid October high at 1.1623″. “Below 1.1300 we have a pivot line back to 2015 which is located at 1.1261 this week. While this holds the downside scope for recovery remains longer term. This guards the 61.8% retracement at 1.1185″. 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 seen testing 114.00 on a close above 113.50 – UOB FX Street 4 years In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair's upside pressure should re-emerge on a close above the 1.1450 area. Key Quotes "EUR/USD's rebound from the 1.1301 recent low has eroded the 6 week downtrend at 1.1430 and the 20 day ma at 1.1450. The market will need to close above this resistance in order to alleviate downside pressure and initiate recovery to the mid October high at 1.1623". "Below 1.1300 we have a pivot line back to 2015 which is located at 1.1261 this week. While this holds the downside scope for recovery remains… 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.
