EUR/USD is trading in the green above 1.18 as Thursday’s 4-hour chart is showing that bulls are in control. Yohay Elam, an analyst at FXStreet, notes that the pair set a higher low as rebounded above the 1.17 level and now faces resistance at 1.1850. Key quotes “EUR/USD has recaptured the 50 Simple Moving Average on the 4-hour chart and momentum turned positive. Moreover, the world’s most popular currency pair bottomed out above the 1.17 level – setting a higher low. The Relative Strength Index remains below 70, thus outside overbought conditions.” “Resistance awaits at 1.1850, which provided support last week, and then by 1.1915, the two-year high set around the same time. The next level is the psychologically critical 1.20.” “Support awaits at 1.1805, which capped EUR/USD earlier in the week. Further down, 1.1750 and the 1.17 level mentioned earlier await EUR/USD.” 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 Japan, Singapore travel restrictions to ease from September – Kyodo FX Street 2 years EUR/USD is trading in the green above 1.18 as Thursday's 4-hour chart is showing that bulls are in control. Yohay Elam, an analyst at FXStreet, notes that the pair set a higher low as rebounded above the 1.17 level and now faces resistance at 1.1850. Key quotes “EUR/USD has recaptured the 50 Simple Moving Average on the 4-hour chart and momentum turned positive. Moreover, the world's most popular currency pair bottomed out above the 1.17 level – setting a higher low. The Relative Strength Index remains below 70, thus outside overbought conditions.” “Resistance awaits at 1.1850, which provided support last… 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.
