The EUR/USD pair is back in its bearish path and at risk of falling beyond the yearly low at 1.0635, according to Valeria Bednarik from FXStreet. Key quotes “The EUR/USD weekly chart shows that it plunged below its 20 SMA, while the 100 SMA is below the 200 SMA. Technical indicators resumed their declines from around their midlines, now heading firmly south within negative levels.” “In the daily chart, EUR/USD is developing far below all of its moving averages, with the pair now far below all of its moving averages and the 20 DMA accelerating south below the larger ones, as technical indicators head firmly lower near oversold readings.” “The immediate support is 1.0760, followed by the 1.0700 area. Beyond this last, the mentioned yearly low at 1.0635 is next.” “Resistances, above 1.0830, come at 1.0900 and 1.0970.” 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 GBP/USD: Coronavirus, Death cross pattern, and other factors pointing down Yohay Elam 2 years The EUR/USD pair is back in its bearish path and at risk of falling beyond the yearly low at 1.0635, according to Valeria Bednarik from FXStreet. Key quotes “The EUR/USD weekly chart shows that it plunged below its 20 SMA, while the 100 SMA is below the 200 SMA. Technical indicators resumed their declines from around their midlines, now heading firmly south within negative levels.” “In the daily chart, EUR/USD is developing far below all of its moving averages, with the pair now far below all of its moving averages and the 20 DMA accelerating south below the larger ones,… 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.
