EUR/USD moves higher and clinches daily highs near just above the 1.1750 mark despite the fact that Wednesday’s 4-hour chart is showing that overbought conditions are coming closer, FXStreet’s analyst Yohay Elam informs. Key quotes “The Relative Strength Index on the 4-hour chart is just 70 – on the verge of entering overbought territory. Another near-term move higher – to the recent peak of 1.1781 – will likely send the RSI above that line. Momentum remains to the upside and EUR/USD is trading well above the 50, 100, and 200 Simple Moving Averages.” “Above 1.1781, the next resistance is 1.1815, a peak in September 2018, followed by 1.1850, a high point in June that year.” “Support awaits at the round 1.17 level, then at 1.1625, and further down at 1.1540.” 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/JPY Price Analysis: Decent support emerges at 122.87 FX Street 3 years EUR/USD moves higher and clinches daily highs near just above the 1.1750 mark despite the fact that Wednesday's 4-hour chart is showing that overbought conditions are coming closer, FXStreet’s analyst Yohay Elam informs. Key quotes “The Relative Strength Index on the 4-hour chart is just 70 – on the verge of entering overbought territory. Another near-term move higher – to the recent peak of 1.1781 – will likely send the RSI above that line. Momentum remains to the upside and EUR/USD is trading well above the 50, 100, and 200 Simple Moving Averages.” “Above 1.1781, the next resistance is 1.1815, a… 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.
