At press time, EUR/USD surges 0.29% to 1.1283 as Thursday’s 4-hour chart several bullish developments for the world’s most popular currency pair. Yohay Elam, an analyst at FXStreet, points to the double-top at 1.1350 as a tough resistance. Key quotes “EUR/USD has dipped below the uptrend support line that has been accompanying it for around a month and topped the 50 and 100 Simple Moving Averages on the 4-hour chart. Moreover, momentum has turned positive, also supporting the bullish case.” “Initial resistance awaits at 1.1290, the weekly high, but the bigger prize is 1.1350 – a double-top touched in recent weeks. Further up, 1.1380 and 1.1420 await EUR/USD.” “Some support awaits at 1.1250, which is where the 50 SMA hits the price. It is followed by the uptrend support line, coming out at around 1.1220, and then by 1.185, a weekly low.” 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 China’s Commerce Ministry: Resolutely oppose sanctions from US on Hong Kong FX Street 3 years At press time, EUR/USD surges 0.29% to 1.1283 as Thursday's 4-hour chart several bullish developments for the world’s most popular currency pair. Yohay Elam, an analyst at FXStreet, points to the double-top at 1.1350 as a tough resistance. Key quotes “EUR/USD has dipped below the uptrend support line that has been accompanying it for around a month and topped the 50 and 100 Simple Moving Averages on the 4-hour chart. Moreover, momentum has turned positive, also supporting the bullish case.” “Initial resistance awaits at 1.1290, the weekly high, but the bigger prize is 1.1350 – a double-top touched in recent… 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.
