The EUR/USD Thursday’s four-hour chart is pointing to further gains. Yohay Elam, an analyst at FXStreet, examines the pair from a technical perspective. EUR/USD is trading at 1.115. Key quotes “The Relative Strength Index on the four-hour chart is below 70 – outside oversold conditions. While momentum has waned, it remains to the upside. And, the EUR/USD pair is trading above the 50, 100, and 200 Simple Moving Averages.” “Resistance awaits at 1.1180, which was a swing high early in the week. The 2020 high of 1.1215 seen on Tuesday is the next level to watch.” “Support awaits at the daily low of 1.1120. IT is followed by 1.11, which is a double-bottom seen in recent days.” 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 UK: BoE should cut rates – ANZ FX Street 2 years The EUR/USD Thursday's four-hour chart is pointing to further gains. Yohay Elam, an analyst at FXStreet, examines the pair from a technical perspective. EUR/USD is trading at 1.115. Key quotes “The Relative Strength Index on the four-hour chart is below 70 – outside oversold conditions. While momentum has waned, it remains to the upside. And, the EUR/USD pair is trading above the 50, 100, and 200 Simple Moving Averages.” “Resistance awaits at 1.1180, which was a swing high early in the week. The 2020 high of 1.1215 seen on Tuesday is the next level to watch.” “Support awaits at the… 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.
