EUR/USD is currently trading near 1.1920, representing a 0.10% drop on the day, having nearly tested 1.1932 during the overnight trade. That level marks the 23.6% Fibonacci retracement of the pullback from 1.2349 to 1.1836. The short-term bias remains bearish with the 5- and 10-day Simple Moving Averages trending south and the 14-day Relative Strength Index hovering in the bearish territory below 50. As such, a re-test of the recent low of 1.1836 cannot be ruled out. A move above 1.1932 would shift the focus to 1.1991 – the 38.2% Fibonacci retracement of the sell-off from 1.2349. Hourly 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 The Graph Price Prediction: GRT is headed lower in the short-term FX Street 1 year EUR/USD is currently trading near 1.1920, representing a 0.10% drop on the day, having nearly tested 1.1932 during the overnight trade. That level marks the 23.6% Fibonacci retracement of the pullback from 1.2349 to 1.1836. The short-term bias remains bearish with the 5- and 10-day Simple Moving Averages trending south and the 14-day Relative Strength Index hovering in the bearish territory below 50. As such, a re-test of the recent low of 1.1836 cannot be ruled out. A move above 1.1932 would shift the focus to 1.1991 - the 38.2% Fibonacci retracement of the sell-off from 1.2349. Hourly… 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.
