EUR/USD seesaws in a choppy range above 1.2075 near intraday top. 10-day SMA snaps four-day losing streak, five-week-old support line add to the downside filters. EUR/USD wavers around 1.2080 during early Thursday. The pair has been trading in a range between 1.2075 and 1.2084 off-late while keeping the bounce off 10-day SMA. As a result, the strong RSI conditions, not overbought, favor the pair buyers to stop the previous four days’ downtrend. However, a clear break above the 1.2100 threshold will be needed for the EUR/USD bulls to challenge the monthly top near 1.2180. If at all the quote remains positive beyond 1.2180, lows marked during February and early April 2018, around 1.2205/15, will be important to watch. Meanwhile, a downside break of 10-day SMA, at 1.2071 now, will eye an upward sloping trend line from November 04, currently around 1.1996. Though, a daily closing below 1.1996 can make the EUR/USD vulnerable to revisit November’s high near 1.1920. EUR/USD daily chart Trend: Bullish 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/CNY fix: PBoC sets yuan mid-point at 6.5476 vs last close 6.5450 FX Street 2 years EUR/USD seesaws in a choppy range above 1.2075 near intraday top. 10-day SMA snaps four-day losing streak, five-week-old support line add to the downside filters. EUR/USD wavers around 1.2080 during early Thursday. The pair has been trading in a range between 1.2075 and 1.2084 off-late while keeping the bounce off 10-day SMA. As a result, the strong RSI conditions, not overbought, favor the pair buyers to stop the previous four days’ downtrend. However, a clear break above the 1.2100 threshold will be needed for the EUR/USD bulls to challenge the monthly top near 1.2180. If at all the quote remains… 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.
