EUR/USD has managed to find acceptance above the 50% Fibonacci level of its February/March rally but struggled to extend the momentum further beyond 100-hour SMA. Haresh Menghani, an analyst at FXStreet, takes a look at the technical picture of the pair. Key quotes “The 1.1200-10 region coincides with 38.2% Fibo. level and should now act as a key pivotal point for intraday traders.” “Above the mentioned barrier, the pair is likely to surpass the 1.1235 intermediate supply zone and aim towards reclaiming the 1.1300 round-figure mark.” “On the flip side, the 1.1135 region (50% Fibo. level) now seems to protect the immediate downside and is followed by support near the 1.1100 mark. Any subsequent slide might continue to attract some dip-buying near the 1.1055 confluence support, comprising of 100-day SMA and 61.8% Fibo. level.” 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 USD/CAD consolidates in a range near multi-year tops, just below 1.40 mark FX Street 2 years EUR/USD has managed to find acceptance above the 50% Fibonacci level of its February/March rally but struggled to extend the momentum further beyond 100-hour SMA. Haresh Menghani, an analyst at FXStreet, takes a look at the technical picture of the pair. Key quotes “The 1.1200-10 region coincides with 38.2% Fibo. level and should now act as a key pivotal point for intraday traders.” “Above the mentioned barrier, the pair is likely to surpass the 1.1235 intermediate supply zone and aim towards reclaiming the 1.1300 round-figure mark.” “On the flip side, the 1.1135 region (50% Fibo. level) now seems to protect… 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.
