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27.02.2019 16:00

Commerzbank: EUR/USD to start moving

According to Karen Jones, analyst at Commerzbank, EUR/USD pair has started to erode its 55 and 100 day MA at 1.1386/90 and they are hopeful that this means it is going to start moving.

"We look for it to remain under pinned by the 1.1216 November low. Our attention remains on the 1.1510 200 day MA. We continue to favour recovery this week. Above the 200 day MA will re-target the 1.1623 mid-October high and slightly longer term we look for gains to 1.1685, the 55 week MA”


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Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
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Sydney 21:00 06:00 00:00 09:00 00:00 09:00
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European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
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