The EUR/USD pair is testing the 55-day moving average at 1.0934 but will remain under pressure below the 200-day moving average at 1.1016, per Commerzbank. Key quotes “EUR/USD continues to range trade above the February-to-May lows (except March) at 1.0778/27 and is about to hit the 55 day moving average at 1.0934.” “The cross will continue to remain under pressure within its range while it stays below the 200-day moving average and the current May high at 1.1016/19.” “The April low at 1.0727 guards the 1.0636 March low and the 1.0340 2017 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 Gold Price Analysis: Needs to recapture $1,747 to resume rally – Confluence Detector FX Street 2 years The EUR/USD pair is testing the 55-day moving average at 1.0934 but will remain under pressure below the 200-day moving average at 1.1016, per Commerzbank. Key quotes “EUR/USD continues to range trade above the February-to-May lows (except March) at 1.0778/27 and is about to hit the 55 day moving average at 1.0934.” “The cross will continue to remain under pressure within its range while it stays below the 200-day moving average and the current May high at 1.1016/19.” “The April low at 1.0727 guards the 1.0636 March low and the 1.0340 2017 low.” 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.
