The EUR/USD pair has been unable to surpass the 61.8% retracement of its latest daily advance at around 1.0830, meeting sellers around it, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “The EUR/USD pair is bearish, according to the 4-hour chart, as moving averages accelerate south above the current level, while technical indicators gain bearish traction within negative levels.” “The immediate support is the 1.0770 area, where the pair bottomed last Friday, with a break below the level exposing the yearly low at 1.0635.” “Support levels: 1.0770 1.0725 Resistance levels: 1.0830 1.0860” 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 EUR/GBP: Cable will remain soft – Rabobank FX Street 2 years The EUR/USD pair has been unable to surpass the 61.8% retracement of its latest daily advance at around 1.0830, meeting sellers around it, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “The EUR/USD pair is bearish, according to the 4-hour chart, as moving averages accelerate south above the current level, while technical indicators gain bearish traction within negative levels.” “The immediate support is the 1.0770 area, where the pair bottomed last Friday, with a break below the level exposing the yearly low at 1.0635.” “Support levels: 1.0770 1.0725 Resistance levels: 1.0830 1.0860” 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.
