The EUR/USD pair hovers around 1.0790, near but above the critical 1.0770 support level with no change in the technical picture, according to Valeria Bednarik from FXStreet. Key quotes “The 4-hour chart shows that it offers a neutral-to-bearish stance, as the 20 SMA continues to head lower above the current level and to provide intraday resistance.” “The Momentum retreats every time it reaches its mid-line, while the RSI remains flat within oversold levels.” “The key support is 1.0770, and a breakthrough the level could open doors for an approach to the 1.0700 region.” 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/CHF New York Price Analysis: Dollar eases from session highs, trades below 0.9830 vs. Swiss franc FX Street 2 years The EUR/USD pair hovers around 1.0790, near but above the critical 1.0770 support level with no change in the technical picture, according to Valeria Bednarik from FXStreet. Key quotes “The 4-hour chart shows that it offers a neutral-to-bearish stance, as the 20 SMA continues to head lower above the current level and to provide intraday resistance.” “The Momentum retreats every time it reaches its mid-line, while the RSI remains flat within oversold levels.” “The key support is 1.0770, and a breakthrough the level could open doors for an approach to the 1.0700 region.” 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.
