EUR/USD is dropping on broad-based USD strength. EUR/USD is nearing the 2020 low currently located at the 1.0777 level. EUR/USD daily chart EUR/USD is approaching the 2020 low at 1.0777 while trading below its main SMAs. DXY (US dollar index) is soaring while pushing EUR/USD down while recording, on Tuesday, its largest daily decline since June 2018. EUR/USD four-hour chart EUR/USD broke strongly to the downside now trading just below the 1.0852 resistance and the main SMAs. As bears remain in control the market can decline further towards the 1.0784, 1.0716 and 1.0650 price levels, according to the Technical Confluences Indicator. Resistance can be seen near the 1.0852, 1.0900 and 1.0970 levels. Resistance: 1.0852, 1.0900, 1.0970 Support: 1.0784, 1.0716, 1.0650 Additional key 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 Breaking: Trading in US stocks halted as S&P 500 hits 7% down limit FX Street 2 years EUR/USD is dropping on broad-based USD strength. EUR/USD is nearing the 2020 low currently located at the 1.0777 level. EUR/USD daily chart EUR/USD is approaching the 2020 low at 1.0777 while trading below its main SMAs. DXY (US dollar index) is soaring while pushing EUR/USD down while recording, on Tuesday, its largest daily decline since June 2018. EUR/USD four-hour chart EUR/USD broke strongly to the downside now trading just below the 1.0852 resistance and the main SMAs. As bears remain in control the market can decline further towards the 1.0784, 1.0716 and 1.0650 price levels, according… 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.
