EUR/USD has failed multiple times to keep gains above 1.09. The 15-min chart shows a symmetrical triangle breakdown. EUR/USD is feeling the pull of gravity during Wednesday’s Asian trading hours, having repeatedly failed to establish a strong foothold above the 4-hour chart 100-candle moving average during the overnight trade. The long upper wick attached to the current 4-hour candle represents rejection at the key average hurdle at 1.09. At press time, the pair is trading near 1.0885. The previous three candles show that the pair failed to keep gains above the MA hurdle. That, coupled with the symmetrical triangle breakdown seen on the 15-minute chart indicate scope for a deeper pullback 1.0860. Alternatively, a convincing 4-hour close above 1.09 would revive the bullish bias signaled by the falling channel breakout confirmed on Tuesday and open the doors to the psychological resistance of 1.10, which is currently housing the 4-hour chart 200-candle average. 4-hour chart 15-minute chart Trend: Bullish above 1.09 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 GBP/USD Price Analysis: Choppy inside short-term falling channel FX Street 2 years EUR/USD has failed multiple times to keep gains above 1.09. The 15-min chart shows a symmetrical triangle breakdown. EUR/USD is feeling the pull of gravity during Wednesday's Asian trading hours, having repeatedly failed to establish a strong foothold above the 4-hour chart 100-candle moving average during the overnight trade. The long upper wick attached to the current 4-hour candle represents rejection at the key average hurdle at 1.09. At press time, the pair is trading near 1.0885. The previous three candles show that the pair failed to keep gains above the MA hurdle. That, coupled with the symmetrical triangle breakdown… 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.
