The EUR/USD pair is hovering at around 1.0740, and long-term technical readings indicate that bears dominate the scene, as FXStreet’s analyst Valeria Bednarik notes. Key quotes “In the daily chart, the pair is developing over 350 pips’ below all of its moving averages, all of them confined to a tight range.” “The Momentum maintains its bearish slope while the RSI hovers around 33.” “The risk remains skewed to the downside, with 1.0644 being the immediate support, en route to the 1.0580 price zone. Below this last, February 2017 low at 1.0492 is the next possible bearish target.” “Resistances next week come at 1.0770, 1.0830 and 1.0900.” 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 GBP/USD Price Analysis: Pound bouncing off 35-year’s lows, trades near 1.1800 figure FX Street 2 years The EUR/USD pair is hovering at around 1.0740, and long-term technical readings indicate that bears dominate the scene, as FXStreet’s analyst Valeria Bednarik notes. Key quotes “In the daily chart, the pair is developing over 350 pips’ below all of its moving averages, all of them confined to a tight range.” “The Momentum maintains its bearish slope while the RSI hovers around 33.” “The risk remains skewed to the downside, with 1.0644 being the immediate support, en route to the 1.0580 price zone. Below this last, February 2017 low at 1.0492 is the next possible bearish target.” “Resistances next week… 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.
