Spot meets further downside pressure and tests 1.1260/70. The greenback remains firm around the 97.00 area. Brexit, Powell, trade to grab all the attention today. It was nice while it lasted… EUR/USD has quickly given away the initial gains to the 1.1280/90 band and has now come under further selling pressure, printing new yearly lows in the vicinity of 1.1260. EUR/USD weaker on USD-buying, looks to trade The sentiment around the European currency is doing nothing but deteriorating further during the first half of the week, forcing the pair to grind lower to the 1.1270/60 band, or fresh 2019 lows. A fresh bout of USD-strength is now driving spot lower amidst the generalized bearish scenario in the risk-associated universe, where US-China trade concerns remains the key issue in the very near term in light of the ongoing talks between US and Chinese officials in Beijing. EUR/USD levels to watch At the moment, the pair is losing 0.10% at 1.1263 and a break below 1.1215 (2018 low Nov.12) would target 1.1200 (psychological level) en route to 1.1118 (monthly low Jun.20 2017). On the upside, the next hurdle is located at 1.1356 (23.6% Fibo of the September-November drop) seconded by 1.1385 (55-day SMA) and finally 1.1419 (100-day SMA). 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/JPY remains within the confines of a short term channel – Commerzbank FX Street 3 years Spot meets further downside pressure and tests 1.1260/70. The greenback remains firm around the 97.00 area. Brexit, Powell, trade to grab all the attention today. It was nice while it lasted... EUR/USD has quickly given away the initial gains to the 1.1280/90 band and has now come under further selling pressure, printing new yearly lows in the vicinity of 1.1260. EUR/USD weaker on USD-buying, looks to trade The sentiment around the European currency is doing nothing but deteriorating further during the first half of the week, forcing the pair to grind lower to the 1.1270/60 band, or fresh 2019 lows.… 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.
