In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, occasional bullish attempts should meet resistance in the 1.1600/41 band. Key Quotes “EUR/USD sold off to a 5 month pivot line at 1.1466. This is currently holding and the market is attempting to recover. Between here and 1.1411, the 78.6% retracement, we will ideally see the market hold. We note that the Elliott wave count is still labelling this as corrective only and ideally we will see 1.1411 hold and provoke reversal”. “Rallies will find initial resistance at 1.1600/41, the 20 and 55 day ma and only above here will allow for another run up to the 1.1790/1.1815 region”. 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 Brazil: Anti-establishment wave prevails – ING FX Street 4 years In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, occasional bullish attempts should meet resistance in the 1.1600/41 band. Key Quotes "EUR/USD sold off to a 5 month pivot line at 1.1466. This is currently holding and the market is attempting to recover. Between here and 1.1411, the 78.6% retracement, we will ideally see the market hold. We note that the Elliott wave count is still labelling this as corrective only and ideally we will see 1.1411 hold and provoke reversal". "Rallies will find initial resistance at 1.1600/41, the 20 and 55 day ma and only above… 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.
