EUR/USD rebounds from YTD lows near the 1.1830 level. A breakdown of the 200-day SMA exposes extra losses. EUR/USD regains some composure after bottoming out in the proximity of 1.1830 during early trade on turnaround Tuesday. Looking at the broader picture, the continuation of the downtrend appears on the table in the very near-term. That said, a test of the critical 200-day SMA (1.1816) seems imminent ahead of extra losses to, initially, the Fibo level at 1.1762. If the selling impetus gathers further steam, then the pair could test the 2008-2020 support line in the 1.1600 area. EUR/USD daily 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 Gold Price Analysis: XAU/USD jumps to three-day tops, around $1720 level FX Street 1 year EUR/USD rebounds from YTD lows near the 1.1830 level. A breakdown of the 200-day SMA exposes extra losses. EUR/USD regains some composure after bottoming out in the proximity of 1.1830 during early trade on turnaround Tuesday. Looking at the broader picture, the continuation of the downtrend appears on the table in the very near-term. That said, a test of the critical 200-day SMA (1.1816) seems imminent ahead of extra losses to, initially, the Fibo level at 1.1762. If the selling impetus gathers further steam, then the pair could test the 2008-2020 support line in the 1.1600 area. EUR/USD daily chart… 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.
