Euro/dollar bulls are benefiting from higher highs and higher lows. Wednesday’s four-hour chart is painting a mixed picture, as FXStreet’s analyst Yohay Elam notes. Key quotes “Momentum on the four-hour chart is to the upside and the currency pair trades well above the 50, 100, and 200 Simple Moving Averages. The only downside is that the Relative Strength Index is just around 70 – on the verge of overbought conditions. That may limit its gains.” “Resistance awaits at 1.1180, which was a swing high earlier this week. It is followed by 1.1215, Tuesday’s high.” “Support awaits at 1.1140, the daily low, followed by 1.1120, a high point from earlier this year, and by the round number of 1.11.” 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 USD/SGD: Sell at 1.3874 – TDS FX Street 2 years Euro/dollar bulls are benefiting from higher highs and higher lows. Wednesday's four-hour chart is painting a mixed picture, as FXStreet’s analyst Yohay Elam notes. Key quotes “Momentum on the four-hour chart is to the upside and the currency pair trades well above the 50, 100, and 200 Simple Moving Averages. The only downside is that the Relative Strength Index is just around 70 – on the verge of overbought conditions. That may limit its gains.” “Resistance awaits at 1.1180, which was a swing high earlier this week. It is followed by 1.1215, Tuesday's high.” “Support awaits at 1.1140, the daily… 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.
