EUR/USD’s daily chart indicator paints a bearish picture. The pair may revisit key support before resuming bull run from 1.16. EUR/USD is currently trading in a sideways manner near 1.2243, having faced rejection above 1.23 in the previous two trading days. The pair fell by over 0.6% on Thursday, confirming a bearish divergence of the 14-day Relative Strength Index. A bearish divergence occurs when an indicator forms lower highs, contradicting higher highs on the price chart, and often yields deeper pullbacks. The immediate support is seen at 1.2215 (Thursday’s low), which, if breached, would open the doors to 1.2129 (Dec. 21 low). On the higher side, 1.2310 (Wednesday’s high) is the level to beat for the bulls. Daily chart Trend: Pullback likely Technical levels 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 Ethereum Price Analysis: ETH bulls catch a breather around February 2018 top FX Street 1 year EUR/USD's daily chart indicator paints a bearish picture. The pair may revisit key support before resuming bull run from 1.16. EUR/USD is currently trading in a sideways manner near 1.2243, having faced rejection above 1.23 in the previous two trading days. The pair fell by over 0.6% on Thursday, confirming a bearish divergence of the 14-day Relative Strength Index. A bearish divergence occurs when an indicator forms lower highs, contradicting higher highs on the price chart, and often yields deeper pullbacks. The immediate support is seen at 1.2215 (Thursday's low), which, if breached, would open the doors to 1.2129 (Dec. 21… 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.
