EUR/USD is up this Monday, as market players kick-started the week with an optimistic stance. The pair is poised to extend its advance but gains are likely to be limited as it faces critical resistance at 1.1710, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “Upbeat Chinese data and hopes for an EU-UK post-Brexit trade deal keep equities well into the green, which in turn, weigh on the greenback. A scarce macroeconomic calendar exacerbates sentiment-related trading, as the EU didn’t publish relevant data, while the US will only offer the Dallas Fed Manufacturing Business Index for September, previously at 8.” “The short-term picture suggests that the current corrective advance may continue, as, in the 4-hour chart, the pair is firing up above its 20 SMA. Technical indicators, in the meantime, head firmly higher, entering positive territory. The next Fibonacci resistance level is 1.1710, and the pair would need to clear it to shrug off the negative stance.” 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/TRY keeps pushing higher and targets 8.00 FX Street 2 years EUR/USD is up this Monday, as market players kick-started the week with an optimistic stance. The pair is poised to extend its advance but gains are likely to be limited as it faces critical resistance at 1.1710, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “Upbeat Chinese data and hopes for an EU-UK post-Brexit trade deal keep equities well into the green, which in turn, weigh on the greenback. A scarce macroeconomic calendar exacerbates sentiment-related trading, as the EU didn’t publish relevant data, while the US will only offer the Dallas Fed Manufacturing Business Index for September, previously at 8.”… 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.
