EUR/USD meets demand territory and the focus is on the upside. A 38.2% Fibonacci retracement meets the prior daily support. The bears are taking the bulls on at a demand area which puts the focus on the upside. The following illustrates where the bulls will eyeing should the price now correct from out of bearish conditions. Monthly chart The price has melted to test the prior resistance which meets a 61.8% Fibonacci retracements. Weekly chart The price is broken the 21-day moving average in the latest bearish impulse, but the demand area is compelling. Daily chart A 38.2% Fibonacci retracement at this juncture has a confluence with the prior lows which would be expected to be tested. 4-hour chart Meanwhile, there is a resistance structure on the way there according to the 40hour chart which has a confluence wit the 10-moving average as a first target. 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 Forex Today: Dollar keeps rallying on higher yields FX Street 1 year EUR/USD meets demand territory and the focus is on the upside. A 38.2% Fibonacci retracement meets the prior daily support. The bears are taking the bulls on at a demand area which puts the focus on the upside. The following illustrates where the bulls will eyeing should the price now correct from out of bearish conditions. Monthly chart The price has melted to test the prior resistance which meets a 61.8% Fibonacci retracements. Weekly chart The price is broken the 21-day moving average in the latest bearish impulse, but the demand area is compelling. Daily… 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.
