EUR/USD flirting with daily highs near 1.2200. Further upside will open up on a firm break above 50-HMA. Hourly RSI stays bullish, allowing for more gains. EUR/USD is battling a powerful resistance located near the 1.2200 level, having found strong bids just above 1.2150. The rebound in the spot can be mainly attributed to the optimism fuelled by the hopes for an imminent Brexit deal, which has dented the US dollar’s haven demand. The greenback has shrugged off the latest threat by the US President Donald Trump to the $900 billion covid relief stimulus bill. Looking at the hourly chart, the price needs a sustained move above the horizontal 50-hourly moving average (HMA) at 1.2203 to unleash additional upside. The next relevant barrier awaits at 1.2220, which is the horizontal 100-HMA. Further, the buyers will eye a test of the psychological level at 1.2250. On the flip side, the 200-HMA at 1.2186 guards the immediate downside. A breach of the latter could expose the 21-HMA at 1.2180. A sharp drop could be triggered if the bulls fail to resist the 21-HMA cushioning, opening floors for a test of the rising trendline support at 1.2160 EUR/USD: Hourly chart EUR/USD: Additional 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 GBP/USD: Open road to rally? French border easing may precede Brexit deal Yohay Elam 2 years EUR/USD flirting with daily highs near 1.2200. Further upside will open up on a firm break above 50-HMA. Hourly RSI stays bullish, allowing for more gains. EUR/USD is battling a powerful resistance located near the 1.2200 level, having found strong bids just above 1.2150. The rebound in the spot can be mainly attributed to the optimism fuelled by the hopes for an imminent Brexit deal, which has dented the US dollar’s haven demand. The greenback has shrugged off the latest threat by the US President Donald Trump to the $900 billion covid relief stimulus bill. Looking at the hourly chart, the… 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.
