EUR/USD Monday’s four-hour chart is showing the pair is just above critical support, Yohay Elam, an analyst at FXStreet, reports. Key quotes “The four-hour chart is showing that critical support awaits at 1.0870, which is the confluence of the 100 and 200 Simple Moving Averages, a swing high from early May and soon also the uptrend support line that has been accompanying the EUR/USD pair since mid-May.” “Momentum is to the downside, and EUR/USD is trading just below the 50 SMA, so the tendency is to the downside.” “Below 1.0870, the next lines to watch are 1.0825 and 1.0780.” “Resistance awaits at 1.0890, a peak from mid-May, followed by 1.0920 and 1.0950.” 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 Germany planning to support medium-size firms by up to €50K per month – DPA FX Street 3 years EUR/USD Monday's four-hour chart is showing the pair is just above critical support, Yohay Elam, an analyst at FXStreet, reports. Key quotes “The four-hour chart is showing that critical support awaits at 1.0870, which is the confluence of the 100 and 200 Simple Moving Averages, a swing high from early May and soon also the uptrend support line that has been accompanying the EUR/USD pair since mid-May.” “Momentum is to the downside, and EUR/USD is trading just below the 50 SMA, so the tendency is to the downside.” “Below 1.0870, the next lines to watch are 1.0825 and 1.0780.” “Resistance… 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.
