EUR/USD has come under pressure after tops near 1.0990. The door is now open for a move to 1.0814. The weekly recovery in EUR/USD has run out of steam in the key barrier near 1.0990, sparking the ongoing corrective downside soon afterwards. If sellers remain in control, the pair could slip back further and test the Fibo retracement (of the 2017-2018 rally) at 1.0814 ahead of the monthly low at 1.0768 (April 6th). The negative stance on the pair is expected to remain unchanged below the 200-day SMA at 1.1054. 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 WTI Oil attempts to recapture $18 amid a broad coronavirus-related sell-off FX Street 2 years EUR/USD has come under pressure after tops near 1.0990. The door is now open for a move to 1.0814. The weekly recovery in EUR/USD has run out of steam in the key barrier near 1.0990, sparking the ongoing corrective downside soon afterwards. If sellers remain in control, the pair could slip back further and test the Fibo retracement (of the 2017-2018 rally) at 1.0814 ahead of the monthly low at 1.0768 (April 6th). The negative stance on the pair is expected to remain unchanged below the 200-day SMA at 1.1054. 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.
