The EUR/USD pair is trading largely unchanged on the day at 1.1737 at risk of falling below the 100-SMA as Tuesday’s 4-hour chart is pointing to further losses, FXStreet’s analyst Yohay Elam reports. Key quotes “EUR/USD is suffering from downside momentum on the 4-hour chart and is set to fall below the 100 Simple Moving Average after losing the 50 SMA. The Relative Strength Index is above 30, thus outside oversold conditions.” “Initial support is at the daily low of 1.1730, followed by 1.17, a double-bottom from late July. Further down, 1.1625 and 1.545 await the currency pair.” “EUR/USD faces some resistance at 1.1755, the daily high, followed by 1.1810, a temporary cushion last week. Further above, 1.1850 and 1.1915 are eyed.” 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 EUR/USD: Wind blows strongly in favor of the dollar and moderately against the euro FX Street 2 years The EUR/USD pair is trading largely unchanged on the day at 1.1737 at risk of falling below the 100-SMA as Tuesday's 4-hour chart is pointing to further losses, FXStreet’s analyst Yohay Elam reports. Key quotes “EUR/USD is suffering from downside momentum on the 4-hour chart and is set to fall below the 100 Simple Moving Average after losing the 50 SMA. The Relative Strength Index is above 30, thus outside oversold conditions.” “Initial support is at the daily low of 1.1730, followed by 1.17, a double-bottom from late July. Further down, 1.1625 and 1.545 await the currency pair.” “EUR/USD faces… 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.
