Above key resistance at 1.1009/19 on a closing basis, EUR/USD would mark an important base with resistance then seen at 1.1145/66, per Credit Suisse. More: Four risks threatening the EUR/USD leg higher Key quotes “A close 1.1019 would see a base achieved to mark a more significant turn higher with resistance next at 1.1065, then 1.1145/66 – the late March high and 61.8% retracement of the March collapse. Whilst we would expect to cap at first, a direct break can see resistance next at 1.1237, with the 78.6% retracement at 1.1311 and with the 38.2% retracement of the entire 2018/2020 bear trend at 1.1369.” “Support is seen at 1.0984 initially then 1.0955, with the 13-day average and yesterday’s low at 1.0934/32 needing to hold to keep the immediate risk higher in the range. A break can see a fall back to 1.0870/64.” 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 AUD/CNH: Overdone optimisism to drag the Aussie down – ANZ FX Street 3 years Above key resistance at 1.1009/19 on a closing basis, EUR/USD would mark an important base with resistance then seen at 1.1145/66, per Credit Suisse. More: Four risks threatening the EUR/USD leg higher Key quotes “A close 1.1019 would see a base achieved to mark a more significant turn higher with resistance next at 1.1065, then 1.1145/66 – the late March high and 61.8% retracement of the March collapse. Whilst we would expect to cap at first, a direct break can see resistance next at 1.1237, with the 78.6% retracement at 1.1311 and with the 38.2% retracement of the entire 2018/2020 bear… 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.
