EUR/USD hold lower ground amid stimulus hopes, risk-off mood. US policymakers up for conveying aid package details, stop-gap funding. Downside break of 50-HMA favor sellers to eye two-week-old support line. EUR/USD refreshes intraday low to 1.2205, down 0.33% intraday, during Monday’s Asian session. In doing so, the quote extends losses after breaking 50-HMA support. Also favoring the bears are fundamentals suggesting a stronger US dollar. US House Speaker Nancy Pelosi conveyed official agreement over the much-awaited coronavirus (COVID-19) stimulus while favoring the risks and the US dollar off-late. Read: US House Speaker Pelosi: Congressional Democrats have reached an agreement… As a result, EUR/USD prices are declining towards an upward sloping trend line from December 09, at 1.2179 now. Though, the 1.2200 round-figure may offer immediate support. If at all the bears keep the reins below the stated support line, the 1.2100 threshold and the monthly low near 1.2040 will be on their radars. Alternatively, 1.2230 can offer immediate resistance ahead of the 50-HMA level around 1.2240. Even if the corrective recovery crosses 1.2240, if any, the monthly peak surrounding 1.2272 and the 1.2300 round-figure will add barriers to the quote’s upside. EUR/USD hourly chart Trend: Further downside likely 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 USD/JPY stays above 103.00 as US stimulus join chatters over Japanese intervention FX Street 2 years EUR/USD hold lower ground amid stimulus hopes, risk-off mood. US policymakers up for conveying aid package details, stop-gap funding. Downside break of 50-HMA favor sellers to eye two-week-old support line. EUR/USD refreshes intraday low to 1.2205, down 0.33% intraday, during Monday’s Asian session. In doing so, the quote extends losses after breaking 50-HMA support. Also favoring the bears are fundamentals suggesting a stronger US dollar. US House Speaker Nancy Pelosi conveyed official agreement over the much-awaited coronavirus (COVID-19) stimulus while favoring the risks and the US dollar off-late. Read: US House Speaker Pelosi: Congressional Democrats have reached an agreement... As a… 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.
