Here is their view, courtesy of eFXdata: ING discusses EUR/USD technical outlook and maintains a neutral bias on a multi-day basis while looking for more signs of a top and turn in the near-term. “The short-term recovery continues, although the upside potential is limited as prices are nearing overhead resistance between the topping MA-50 line and the upper end of the long-term falling trend channel, both around 1.1360. We are still looking for a top around this area followed by the next decline. A close below the horizontal support around 1.1115 is required for a Sell signal and the start of a sharp sell-off. Until then, we cannot rule out prices rallying back and forth within a consolidation pattern. We are looking for a bearish set-up around current levels to downgrade our short-term rating,” ING notes. “A break above the short-term resistance area 1.1360 is not our expectation, but if so we could see further upside towards the next strong resistance area between the declining EMA-200 line at 1.1492 and the horizontal line around 1.1540,” ING adds. For lots more FX trades from major banks, sign up to eFXplus By signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next USD/JPY keeps the red near multi-day lows, below mid-111.00s FX Street 4 years Here is their view, courtesy of eFXdata: ING discusses EUR/USD technical outlook and maintains a neutral bias on a multi-day basis while looking for more signs of a top and turn in the near-term. "The short-term recovery continues, although the upside potential is limited as prices are nearing overhead resistance between the topping MA-50 line and the upper end of the long-term falling trend channel, both around 1.1360. We are still looking for a top around this area followed by the next decline. A close below the horizontal support around 1.1115 is required for a Sell signal and the start… 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.
