EUR/USD remains positive after breaking a two-week-old descending trend line the previous day. Bullish chart pattern joins strong RSI conditions to favor the buyers. EUR/USD marks 0.15% intraday gains, currently around 1.2275, while keeping the previous day’s upside momentum inside an ascending trend channel formation during Wednesday’s Asian session. The currency major prints a three-day winning streak amid strong RSI and bullish MACD, which in turn highlights the quote’s strength near the stated channel’s resistance line and the monthly high. It should, however, be noted that the pair’s ability to cross 1.2275 will refresh the multi-month high flashed earlier while eyeing the April 2018 peak surrounding 1.2415. During the upside, the 1.2300 threshold can offer an intermediate halt while the March 2018 high of 1.2476 can challenge EUR/USD buyers afterward. Meanwhile, the previous resistance line, now support, at 1.2230, restricts the pair’s pullback moves ahead of the channel support near 1.2210. If at all the EUR/USD sellers sneak in around 1.2210, the 1.2200 adds a filter to the downside targeting the mid-month low around 1.2130/25. EUR/USD four-hour 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/JPY stays depressed around mid-103.00s amid uncertainty over US stimulus FX Street 1 year EUR/USD remains positive after breaking a two-week-old descending trend line the previous day. Bullish chart pattern joins strong RSI conditions to favor the buyers. EUR/USD marks 0.15% intraday gains, currently around 1.2275, while keeping the previous day’s upside momentum inside an ascending trend channel formation during Wednesday’s Asian session. The currency major prints a three-day winning streak amid strong RSI and bullish MACD, which in turn highlights the quote’s strength near the stated channel’s resistance line and the monthly high. It should, however, be noted that the pair’s ability to cross 1.2275 will refresh the multi-month high flashed earlier while… 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.
