The EUR/USD Thursday’s four-hour chart is pointing to further gains. Yohay Elam, an analyst at FXStreet, reviews the pair outlook from a technical perspective. Key quotes “The EUR/USD pair is trading near 1.12 and the yearly high is 1.1215. This is a critical level for extending the rally.” “Momentum on the four-hour chart is pointing upward and the currency pair is well above the 50, 100, and 200 Simple Moving Averages. Moreover, the Relative Strength Index has dropped below 70, exiting oversold conditions and allowing for more gains.” “Above 1.1215, resistance awaits at 1.1240, followed by 1.1275.” “Support awaits at 1.1140 and 1.1120.” 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 Bitcoin Price Analysis: Sentiment picks up but there is an important level coming up FX Street 2 years The EUR/USD Thursday's four-hour chart is pointing to further gains. Yohay Elam, an analyst at FXStreet, reviews the pair outlook from a technical perspective. Key quotes “The EUR/USD pair is trading near 1.12 and the yearly high is 1.1215. This is a critical level for extending the rally.” “Momentum on the four-hour chart is pointing upward and the currency pair is well above the 50, 100, and 200 Simple Moving Averages. Moreover, the Relative Strength Index has dropped below 70, exiting oversold conditions and allowing for more gains.” “Above 1.1215, resistance awaits at 1.1240, followed by 1.1275.” “Support awaits 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.
