The falling channel breakout seen in the hourly chart indicates the pullback from the July 20 high of 0.8958 has ended and the bigger bullish trend (from the April 17 low of 0.8621) has resumed. A close above Wednesday’s doji candle high of 0.8902 would further add credence to bullish revival indicated by the falling channel breakout. Hourly chart Spot Rate: 0.8887 Daily High: 0.8889 Daily Low: 0.8878 Trend: Bullish Resistance R1: 0.8898 (10-day moving average) R2: 0.8958 (July 20 high) R3: 0.8968 (March 7 high) Support S1: 0.8865 (previous day’s low) S2: 0.8842 (May 4 high) S3: 0.8817 (200-day moving average) 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 Ripple price analysis: XRP/USD loses 2.7% on a daily bassis, Ripple’s Cory Johnson positive comments of little help FX Street 5 years The falling channel breakout seen in the hourly chart indicates the pullback from the July 20 high of 0.8958 has ended and the bigger bullish trend (from the April 17 low of 0.8621) has resumed. A close above Wednesday's doji candle high of 0.8902 would further add credence to bullish revival indicated by the falling channel breakout. Hourly chart Spot Rate: 0.8887 Daily High: 0.8889 Daily Low: 0.8878 Trend: Bullish Resistance R1: 0.8898 (10-day moving average) R2: 0.8958 (July 20 high) R3: 0.8968 (March 7 high) Support S1: 0.8865 (previous day's low) S2: 0.8842 (May 4 high) S3: 0.8817 (200-day… 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.
