EUR/USD leaves behind recent highs just above 1.18. Initial level of the corrective downside emerges at the 1.1700 region. EUR/USD recorded tops in levels last seen in May 2018 just beyond 1.18 the figure on Wednesday. Under the ongoing technical retracement, EUR/USD could initially slip back to the 1.1700 neighbourhood, where emerges a Fibo level (of the 2017-2018 drop) ahead of the June peak at 1.1495. The underlying bullish bias, however, is expected to remain unchanged with potential target at the 1.1815/52 band, where converge the September/June 2018 highs. Looking at the broader picture, as long as the 200-day SMA, today at 1.1082, holds the downside, further gains in EUR/USD remains well on the table. EUR/USD weekly chart 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 climbs further beyond 1.3000, highest since March 10 ahead of US GDP FX Street 3 years EUR/USD leaves behind recent highs just above 1.18. Initial level of the corrective downside emerges at the 1.1700 region. EUR/USD recorded tops in levels last seen in May 2018 just beyond 1.18 the figure on Wednesday. Under the ongoing technical retracement, EUR/USD could initially slip back to the 1.1700 neighbourhood, where emerges a Fibo level (of the 2017-2018 drop) ahead of the June peak at 1.1495. The underlying bullish bias, however, is expected to remain unchanged with potential target at the 1.1815/52 band, where converge the September/June 2018 highs. Looking at the broader picture, as long as the 200-day SMA,… 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.
