EUR/USD is trading just above the 1.18 level, which marks the daily low and initial support while Friday’s 4-hour chart is painting a bullish picture. Yohay Elam, an analyst at FXStreet, notes that resistance is seen at 1.1865. Key quotes “EUR/USD is trading above the 50, 100, and 100 Simple Moving Averages on the 4-hour chart once again – and upside momentum is picking up. The Relative Strength Index is balanced, far from overbought conditions.” “Resistance awaits at around 1.1865, which was the peak on Thursday. It is followed by the two-year high of 1.1915. The next target is 1.20.” “Immediate support is at the daily low of 1.18, converging with the 50 SMA. It is followed by 1.1750, a support line from last week, and then by 1.17, a double-bottom.” 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: Many moving parts in play, time to rise FX Street 2 years EUR/USD is trading just above the 1.18 level, which marks the daily low and initial support while Friday's 4-hour chart is painting a bullish picture. Yohay Elam, an analyst at FXStreet, notes that resistance is seen at 1.1865. Key quotes “EUR/USD is trading above the 50, 100, and 100 Simple Moving Averages on the 4-hour chart once again – and upside momentum is picking up. The Relative Strength Index is balanced, far from overbought conditions.” “Resistance awaits at around 1.1865, which was the peak on Thursday. It is followed by the two-year high of 1.1915. The next target is 1.20.”… 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.
