The pair breaks above the 1.1700 handle and tests 1.1720. The greenback remains on the defensive, drops to 94.20. EU Summit later in the week will be the salient event. The persistent softer tone in the greenback has helped EUR/USD to regain the key 1.1700 milestone and advance to fresh tops in the 1.1720 region, where appears to have found a tough resistance. EUR/USD focused on EU Summit, risk trends, trade The pair gained extra steam in recent sessions as the US-China-EU trade front continues to weigh on the buck, dragging the US Dollar Index (DXY) to fresh multi-day lows in the 94.20 area. In the meantime, spot is extending the follow through after last Thursday’s ‘outside day’ candle, gaining more than 2 cents since recent lows in the 1.1500 neighbourhood and reinforcing the view that a ‘double bottom’ around this area could be in place. However, the rally in the European currency should be put to the test later in the week when the EU Summit kicks in and where the migration issue is expected to take centre stage. EUR/USD levels to watch At the moment, the pair is gaining 0.03% at 1.1708 facing the next hurdle at 1.1720 (high Jun.26) seconded by 1.1722 (23.6% Fibo of the April-May drop) and then 1.1853 (high Jun.14). On the downside, a break below 1.1679 (21-day sma) would open the door to 1.1642 (10-day sma) and finally 1.1508 (2018 low May 29). 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 US: Confusion at the White House – AmpGFX FX Street 3 years The pair breaks above the 1.1700 handle and tests 1.1720. The greenback remains on the defensive, drops to 94.20. EU Summit later in the week will be the salient event. The persistent softer tone in the greenback has helped EUR/USD to regain the key 1.1700 milestone and advance to fresh tops in the 1.1720 region, where appears to have found a tough resistance. EUR/USD focused on EU Summit, risk trends, trade The pair gained extra steam in recent sessions as the US-China-EU trade front continues to weigh on the buck, dragging the US Dollar Index (DXY) to fresh multi-day lows… Top 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.
