EUR/USD’s daily chart shows a range breakout and suggests scope for stronger gains. The key indicator reports bullish conditions, supporting the price breakout. EUR/USD is looking north, having breached key hurdle with the biggest single-day percentage gain in 7.5 weeks. The pair jumped 0.91% on Monday on broad-based US dollar selling. A bigger single-day gain was last seen on March 29. More importantly, Monday’s close at 1.0916 marked an upside break of the eight-day trading range of 1.0766-1.0896. The range breakout has opened the doors to the psychological hurdle of 1.10. Supporting the case for a continued upward move is the above-50 or bullish reading on the 14-day relative strength index. The immediate bullish bias would be invalidated if the spot falls back below Monday’s low of 1.08. At press time, EUR/USD is trading at 1.0918. Daily chart Trend: Bullish 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 RBNZ: Hopes to have more certainty in about three months’ time on whether to go harder or ease back stimulus FX Street 2 years EUR/USD's daily chart shows a range breakout and suggests scope for stronger gains. The key indicator reports bullish conditions, supporting the price breakout. EUR/USD is looking north, having breached key hurdle with the biggest single-day percentage gain in 7.5 weeks. The pair jumped 0.91% on Monday on broad-based US dollar selling. A bigger single-day gain was last seen on March 29. More importantly, Monday's close at 1.0916 marked an upside break of the eight-day trading range of 1.0766-1.0896. The range breakout has opened the doors to the psychological hurdle of 1.10. Supporting the case for a continued upward move is… 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.
