EUR/USD’s corrective downside meets support around 1.2000. The resumption of the uptrend targets the 1.2100 level. EUR/USD retreats further after climbing to as low as the 1.2080 region earlier in the week. The current leg lower is deemed as temporary, with the resumption of the upside should target recent tops near 1.2080 ahead of the 1.2100 level. A convincing break above the latter should expose the February highs around 1.2240 ahead of the 2021 peaks in the mid-1.2300s. Above the 200-day SMA (1.1913) the stance for EUR/USD is predicted to remain positive. 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 Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC leads $100 billion market capitalization recovery FX Street 2 years EUR/USD's corrective downside meets support around 1.2000. The resumption of the uptrend targets the 1.2100 level. EUR/USD retreats further after climbing to as low as the 1.2080 region earlier in the week. The current leg lower is deemed as temporary, with the resumption of the upside should target recent tops near 1.2080 ahead of the 1.2100 level. A convincing break above the latter should expose the February highs around 1.2240 ahead of the 2021 peaks in the mid-1.2300s. Above the 200-day SMA (1.1913) the stance for EUR/USD is predicted to remain positive. 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.
