EUR/USD has closed below key support from its 55-day average at 1.1737 and importantly has also removed its August lows at 1.1710/1.1697 and this finally sees a top established to mark a more significant move lower and a fall to 1.1495/85, analysts at Credit Suisse brief. Key quotes “EUR/USD has maintained the weak tone seen on Monday and has not only closed below key support from its 55-day but has also importantly removed support from the August lows at 1.1710/1.1697. This finally sees a top established to mark a more significant move lower with support seen initially at 1.1637/27, then the 50% retracement of the rally from June at 1.1590.” “More important support and our objective remains seen at 1.1495/85 – the 38.2% retracement of the entire rally from March, 61.8% retracement of the rally from June and point -of – breakout from the medium-term base. We would then look for a fresh floor here for an attempt to resume the broader uptrend.” “Resistance moves to 1.1717/19 initially, then the 55-day average at 1.1737, with the immediate risk seen staying lower whilst below 1.1776/98. A break would throw a question mark over the top, with resistance next at 1.1827.” 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 German Cabinet approves draft budget for 2021, EUR96.2 billion new debt FX Street 2 years EUR/USD has closed below key support from its 55-day average at 1.1737 and importantly has also removed its August lows at 1.1710/1.1697 and this finally sees a top established to mark a more significant move lower and a fall to 1.1495/85, analysts at Credit Suisse brief. Key quotes “EUR/USD has maintained the weak tone seen on Monday and has not only closed below key support from its 55-day but has also importantly removed support from the August lows at 1.1710/1.1697. This finally sees a top established to mark a more significant move lower with support seen initially at 1.1637/27, then… 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.