The EUR/USD pair has just broken below the 1.0901/1.0897 support after reversing sharply from important resistance at the early May high and 200-day average at 1.1009/19, Credit Suisse’s analysts brief. Key quotes “Below the 1.0897 broken support, EUR/USD provides the first sign of rejection from the 200-day average to see a fall back to the 13-day average at 1.0889, below which would suggest a deeper turn back lower in the range to re-expose the confirmed uptrend from the March low at 1.0804.” “A close above 1.1019 would mark a more significant base and important turn higher, with resistance next at 1.1065, then 1.1145/66 – the late March high and 61.8% retracement of the March collapse.” 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 US BLS: 2.3 million job losses in California in April FX Street 3 years The EUR/USD pair has just broken below the 1.0901/1.0897 support after reversing sharply from important resistance at the early May high and 200-day average at 1.1009/19, Credit Suisse’s analysts brief. Key quotes “Below the 1.0897 broken support, EUR/USD provides the first sign of rejection from the 200-day average to see a fall back to the 13-day average at 1.0889, below which would suggest a deeper turn back lower in the range to re-expose the confirmed uptrend from the March low at 1.0804.” “A close above 1.1019 would mark a more significant base and important turn higher, with resistance next at… 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.
