EUR/USD is flirting with daily lows around the 1.13 level amid a broad-based US dollar recovery. Terence Wu, an FX strategist at OCBC Bank, notes that the pair is unable to demolish the 1.1350 barrier and sets support at 1.1280. Key quotes “The EUR/USD extension is again thwarted at 1.1350, reinforce that level as a firm resistance. Any breach of that level should target 1.1420/30.” “On the flipside, the expect support at 1.1280. For now, prefer to wait for a range break for a firmer signal on the next leg of directionality.” 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 USD/CAD: Bulls eye 1.3600, as USD pops, WTI drops amid risk-off FX Street 3 years EUR/USD is flirting with daily lows around the 1.13 level amid a broad-based US dollar recovery. Terence Wu, an FX strategist at OCBC Bank, notes that the pair is unable to demolish the 1.1350 barrier and sets support at 1.1280. Key quotes “The EUR/USD extension is again thwarted at 1.1350, reinforce that level as a firm resistance. Any breach of that level should target 1.1420/30.” “On the flipside, the expect support at 1.1280. For now, prefer to wait for a range break for a firmer signal on the next leg of directionality.” 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.
