The EUR/USD pair trades around the 1.1800 level, after reaching a fresh September monthly low of 1.1736 this Thursday, biased lower according to intraday technical readings. However, receding demand for the greenback may keep euro/dollar afloat, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “US policymakers maintained the monetary policy on hold and repeated the pledge to do whatever is necessary to support the economy. Yet, at the same time, they noted economic progress hinting no action required at the time being. Equities came under strong selling pressure, although European indexes are now bouncing from intraday lows, trimming most of their early losses, putting the greenback under pressure.” “The 4-hour chart shows that the EUR/USD pair remains below all of its moving averages, with the 20 SMA gaining bearish strength, although all of them confined to a tight range. Technical indicators, in the meantime, corrected oversold readings but turned back south within negative levels.” “The risk is skewed to the downside, with lower lows expected on renewed selling pressure below 1.1760, the immediate support.” 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 0x Price Prediction: ZRX flashes buy signal, aiming for $0.50 FX Street 1 year The EUR/USD pair trades around the 1.1800 level, after reaching a fresh September monthly low of 1.1736 this Thursday, biased lower according to intraday technical readings. However, receding demand for the greenback may keep euro/dollar afloat, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “US policymakers maintained the monetary policy on hold and repeated the pledge to do whatever is necessary to support the economy. Yet, at the same time, they noted economic progress hinting no action required at the time being. Equities came under strong selling pressure, although European indexes are now bouncing from intraday lows, trimming most of… Top 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.
