EUR/USD closed the third quarter with a 4.3% gain. Euro remains suck in a decade-long descending channel. EUR/USD ended the third quarter with 4.3% gains, the biggest single quarter percentage gain since the April to June period of 2017 when the currency pair rose by 7.14%. However, despite the impressive quarterly gain, the pair is still trapped in a decade-long bearish channel. A break above 1.19 is needed to confirm a long-term bullish breakout and allow a re-test of the February 2018 high of 1.2556. On the downside, the September low of 1.1612 is the level to defend for the bulls. A violation there would shift risk in favor of a drop to the former hurdle-turned-support at 1.1495 (March high). The pair is currently trading at 1.1725. 3-month chart Trend: Bearish 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 USD/JPY welcomes October with mixed clues above 105.00 FX Street 2 years EUR/USD closed the third quarter with a 4.3% gain. Euro remains suck in a decade-long descending channel. EUR/USD ended the third quarter with 4.3% gains, the biggest single quarter percentage gain since the April to June period of 2017 when the currency pair rose by 7.14%. However, despite the impressive quarterly gain, the pair is still trapped in a decade-long bearish channel. A break above 1.19 is needed to confirm a long-term bullish breakout and allow a re-test of the February 2018 high of 1.2556. On the downside, the September low of 1.1612 is the level to defend for the… 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.
