At the press time, the EUR/USD pair is gaining 0.23% at 1.1355 though Thursday’s 4-hour chart is pointing to overbought conditions which implies a downward correction, Yohay Elam, an analyst at FXStreet, briefs. Key quotes “The Relative Strength Index on the 4-hour chart is above 70, pointing to overbought conditions – and implying a downward correction. However, momentum remains positive and the EUR/USD pair is trading above the 50, 100, and 200 Simple Moving Averages.” “Resistance is at 1.1370, the daily high, followed by 1.1420, a high point in early June.” “Support is at 1.1350, the former triple top, followed by the round 1.13 level, which worked as resistance in early July.” 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 Cryptocurrency News Update: Bitcoin pushes above $9,400, altcoins calm down FX Street 3 years At the press time, the EUR/USD pair is gaining 0.23% at 1.1355 though Thursday's 4-hour chart is pointing to overbought conditions which implies a downward correction, Yohay Elam, an analyst at FXStreet, briefs. Key quotes “The Relative Strength Index on the 4-hour chart is above 70, pointing to overbought conditions – and implying a downward correction. However, momentum remains positive and the EUR/USD pair is trading above the 50, 100, and 200 Simple Moving Averages.” “Resistance is at 1.1370, the daily high, followed by 1.1420, a high point in early June.” “Support is at 1.1350, the former triple top, followed… 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.
