EUR/USD remains on the defensive around the 1.10 region. Below the 55-day SMA, the pair’s stance remains offered. EUR/USD keeps trading in the vicinity of YTD lows around 1.0990, failing to extend the earlier spike to the 1.1015 level and following three consecutive daily pullbacks. The inability of the pair to break below the 1.10/1.0990 area on a sustainable fashion should spark some consolidation and, eventually, the resumption of the upside. In this scenario, the initial hurdle aligns at 1.1067, home of the 100-day SMA. Further up emerges the more relevant 1.1090 area, where coincide the 55-day SMA and the short-term resistance line. As long as this region caps the upside, the outlook on the spot is expected to remain negative. 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 EUR/USD: Sell-off more aggressive than thought – Commerzbank FX Street 2 years EUR/USD remains on the defensive around the 1.10 region. Below the 55-day SMA, the pair’s stance remains offered. EUR/USD keeps trading in the vicinity of YTD lows around 1.0990, failing to extend the earlier spike to the 1.1015 level and following three consecutive daily pullbacks. The inability of the pair to break below the 1.10/1.0990 area on a sustainable fashion should spark some consolidation and, eventually, the resumption of the upside. In this scenario, the initial hurdle aligns at 1.1067, home of the 100-day SMA. Further up emerges the more relevant 1.1090 area, where coincide the 55-day SMA and 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.
