EUR/USD leaves behind recent tops in the 1.1780 region. The 1.15 area now emerges as a potential next stop for bears. EUR/USD recorded new 22-month peaks in the 1.1780 region on Monday, extending the move further into the overbought territory. The ongoing technical retracement could re-test the June peak at 1.1495 ahead of the Fibo level at 1.1448. The underlying bullish bias, however, is expected to remain unchanged with potential target at the 1.1815/52 band, where converge the September/June 2018 highs. Looking at the broader picture, as long as the 200-day SMA, today at 1.1076, holds the downside, further gains in EUR/USD remains well on the table. EUR/USD weekly chart 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 Gold: Stars aligned for a test of $2000 – ABN Amro FX Street 3 years EUR/USD leaves behind recent tops in the 1.1780 region. The 1.15 area now emerges as a potential next stop for bears. EUR/USD recorded new 22-month peaks in the 1.1780 region on Monday, extending the move further into the overbought territory. The ongoing technical retracement could re-test the June peak at 1.1495 ahead of the Fibo level at 1.1448. The underlying bullish bias, however, is expected to remain unchanged with potential target at the 1.1815/52 band, where converge the September/June 2018 highs. Looking at the broader picture, as long as the 200-day SMA, today at 1.1076, holds the downside, further gains… 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.
