EUR/USD Wednesday’s four-hour chart is showing some weakness after failing to top 1.10, as FXStreet’s analyst Yohay Elam notes. OCBC Bank also sees this level to cap further gains while Commerzbank expects a close above 1.10 to trigger a run higher. Key quotes “The pair’s failure to recapture 1.10 and the previous peak of 1.1010 is a bearish sign. Other indicators are more stable, with momentum on the four-hour chart still pointing to the upside. EUR/USD remains above the 50, 100, and 200 Simple Moving Averages.” “Resistance is at 1.0975, a swing high from last week, followed by a recent peak of 1.0995 and 1.1010.” “Support awaits at 1.0940, a swing low from last week, followed by 1.0895, a peak back then, and by 1.0870, which is the weekly low and where the 200 SMA hits the price.” 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 View All Post By FX Street FXStreet News share Read Next Lagarde speech: ECB’s mild growth scenario already outdated FX Street 3 years EUR/USD Wednesday's four-hour chart is showing some weakness after failing to top 1.10, as FXStreet’s analyst Yohay Elam notes. OCBC Bank also sees this level to cap further gains while Commerzbank expects a close above 1.10 to trigger a run higher. Key quotes “The pair's failure to recapture 1.10 and the previous peak of 1.1010 is a bearish sign. Other indicators are more stable, with momentum on the four-hour chart still pointing to the upside. EUR/USD remains above the 50, 100, and 200 Simple Moving Averages.” “Resistance is at 1.0975, a swing high from last week, followed by a 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.
