EUR/USD remains depressed, hovering around the 1.0800 level, despite the market being in a better mood this Wednesday. Valeria Bednarik, Chief Analyst at FXStreet, sees the pair picking up bearish momentum below 1.0770. Key quotes “The EUR/USD pair is holding just below 1.0800 ahead of Wall Street’s opening, retaining its bearish stance. In the 4-hour chart, the pair is consolidating below a bearish 20 SMA, with the larger moving averages maintaining their bearish slopes far above the shorter one.” “The Momentum indicator heads lower just below its mid-line while the RSI consolidates around 31, all of which keeps the risk skewed to the downside.” “Support levels: 1.0770 1.0725 1.0690.” 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 WTI upside remains capped by $53.00 ahead of API FX Street 2 years EUR/USD remains depressed, hovering around the 1.0800 level, despite the market being in a better mood this Wednesday. Valeria Bednarik, Chief Analyst at FXStreet, sees the pair picking up bearish momentum below 1.0770. Key quotes “The EUR/USD pair is holding just below 1.0800 ahead of Wall Street’s opening, retaining its bearish stance. In the 4-hour chart, the pair is consolidating below a bearish 20 SMA, with the larger moving averages maintaining their bearish slopes far above the shorter one.” “The Momentum indicator heads lower just below its mid-line while the RSI consolidates around 31, all of which keeps the risk… 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.
