According to Karen Jones, analyst at Commerzbank, EUR/USD pair has failed to make any impact on the 55 and 100 day moving averages at 1.1295/1.1344, and has eased lower. Key Quotes “Attention has again shifted to the 1.1176 recent low. Intraday Elliott wave counts are negative and the DMI has a sell signal. Our longs have been profit stopped and we will attempt short positions.” “Below 1.1185/75 (61.8% retracement) lies the 1.1110, the May 2017 low and the 1.0814/78.6% retracement.” “We suspect that the market is trying to base but needs to do more work (we note the 13 count on the weekly chart and this adds weight to the idea of a potential base). Initial resistance is the 100 day ma at 1.1344 and the resistance line at 1.1379 ahead of the 200 day ma at 1.1433.” 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 US oil waivers canned – ANZ FX Street 4 years According to Karen Jones, analyst at Commerzbank, EUR/USD pair has failed to make any impact on the 55 and 100 day moving averages at 1.1295/1.1344, and has eased lower. Key Quotes "Attention has again shifted to the 1.1176 recent low. Intraday Elliott wave counts are negative and the DMI has a sell signal. Our longs have been profit stopped and we will attempt short positions." "Below 1.1185/75 (61.8% retracement) lies the 1.1110, the May 2017 low and the 1.0814/78.6% retracement." "We suspect that the market is trying to base but needs to do more work (we note the 13 count… 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.
