EUR/USD continues trading below the 1.13 level as Wednesday’s 4-hour chart is showing uptrend support is getting close, Yohay Elam, an analyst at FXStreet, reports. Key quotes “EUR/USD is trading above one uptrend support line, which has been accompanying since early July and also tops another more moderate one. However, its failure to advance makes these lines closer and risks losing them. The uptrend lines are backed up by the 50, 100, and 200 Simple Moving Averages on the 4-hour chart. Momentum remains positive.” “Support awaits at 1.1260, the daily low, followed by 1.1220, where the 200 SMA hits the price, and then by 1.1185 and 1.1165.” “Resistance is at 1.13, a round number that previously capped EUR/USD, followed by 1.1350, the recent double-top.” 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 Cardano Chart Update: ADA/USD starts correction after 25% price increase FX Street 3 years EUR/USD continues trading below the 1.13 level as Wednesday's 4-hour chart is showing uptrend support is getting close, Yohay Elam, an analyst at FXStreet, reports. Key quotes “EUR/USD is trading above one uptrend support line, which has been accompanying since early July and also tops another more moderate one. However, its failure to advance makes these lines closer and risks losing them. The uptrend lines are backed up by the 50, 100, and 200 Simple Moving Averages on the 4-hour chart. Momentum remains positive.” “Support awaits at 1.1260, the daily low, followed by 1.1220, where the 200 SMA hits the… 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.
