EUR/USD extends the previous day’s recovery moves from 1.1737. Overbought RSI conditions doubt the pair’s further upside. The key Fibonacci retracements and HMAs are nearby to please the sellers. EUR/USD clears a three-day-old trend line resistance while picking up bids near 1.1855/60 during Friday Asian session. Even so, overbought RSI conditions question the pair’s notable rise marked on Thursday. As a result, buyers remain cautious unless witness a clear break of 1.1855. On the contrary, the pair’s pullback moves will have a 100-HMA level of 1.1843 as immediate support to watch. Should the quote slips below 1.1843, 61.8% Fibonacci retracement of September 15-17 downside close to 1.1838 and 200-HMA surrounding 1.1830 will be the key to watch before taking additional selling positions. Until then, the 1.1900 threshold lures EUR/USD bulls before probing them with September 10 top near 1.1920, the 1.2000 psychological magnet and the monthly high of 1.2011. Additionally, the pair’s run-up past-1.2011 will direct the optimists towards the early-January 2018 peak of 1.2089 before highlighting the March 2018 low of 1.2154. EUR/USD hourly chart Trend: Pullback expected 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/CNY fix: PBoC sets Yuan mid-point at 6.7591 FX Street 2 years EUR/USD extends the previous day’s recovery moves from 1.1737. Overbought RSI conditions doubt the pair’s further upside. The key Fibonacci retracements and HMAs are nearby to please the sellers. EUR/USD clears a three-day-old trend line resistance while picking up bids near 1.1855/60 during Friday Asian session. Even so, overbought RSI conditions question the pair’s notable rise marked on Thursday. As a result, buyers remain cautious unless witness a clear break of 1.1855. On the contrary, the pair’s pullback moves will have a 100-HMA level of 1.1843 as immediate support to watch. Should the quote slips below 1.1843, 61.8% Fibonacci retracement… 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.
