[ad_1]
Karen Jones, an badyst at Commerzbank, points out that the EUR / USD is still falling and that she would expect to see the market stabilize shortly and recover, but it is possible that this will be the case. Extend to the low zone 1.13.
Key Quotes
"Then we are looking for earnings for the day 200 to 1.1547. The market remains supported by the uptrend of 2016-2019 at 1.1307. "
"We are benefiting from additional support offered by the November and December lows of the 1.1267 / 70 base. Provided the market holds here, we support a resumption of the 1.1550 200 day threshold and the up from 1,1623 mid-October and slightly longer term, we are aiming at 1,1745, the 55-week delay. "
"A failure at 1.1267 will result in losses at the recent lows of 1.1216 and the Fibonacci retracement at 61.8% from the 2017-18 advance to 1.1186. Please note that we continue to consider the recent low of 1.1216 as a temporary low for the market. "
Source link
