EUR/USD Tuesday’s technical chart is showing an improvement picture for the bulls, FXStreet’s analyst Yohay Elam reports. Key quotes “Euro/dollar has broken above the downtrend support line that accompanied it since late March but is still trading below the 50, 100, and 200 Simple Moving Averages on the four-hour chart.” “Critical resistance waits at 1.09, which provided support late last week and is also where the 100 SMA meets the price, in addition to being a round number.” “Resistance beyond 1.09 awaits at 1.0950, which held EUR/USD down last week. It is followed by 1.1050, which capped another recovery attempt last week.” “Support is at 1.0840, which held the currency pair on Monday, followed by 1.0765, Monday’s 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 Russia will participate in the OPEC+ meeting on April 9 – Interfax FX Street 2 years EUR/USD Tuesday's technical chart is showing an improvement picture for the bulls, FXStreet’s analyst Yohay Elam reports. Key quotes “Euro/dollar has broken above the downtrend support line that accompanied it since late March but is still trading below the 50, 100, and 200 Simple Moving Averages on the four-hour chart.” “Critical resistance waits at 1.09, which provided support late last week and is also where the 100 SMA meets the price, in addition to being a round number.” “Resistance beyond 1.09 awaits at 1.0950, which held EUR/USD down last week. It is followed by 1.1050, which capped another recovery attempt… 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.
