EUR/USD has briefly tested the key 1.0990 hurdle on Wednesday. Further north now emerges the psychological yardstick at 1.1000. The upside momentum in EUR/USD has faltered just ahead of the key resistance area around 1.0990 earlier on Wednesday, sparking the ongoing correction lower soon afterwards. A close above the 1.0990/1.1000 area should open the door for extra gains, with the immediate target at the 200-day SMA, today at 1.1056. Above the 200-day SMA the selling pressure is expected to subside and could allow for a visit to recent tops near 1.1150. EUR/USD daily chart 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 Bitcoin Price Analysis: BTC traders get ready for the price increase FX Street 2 years EUR/USD has briefly tested the key 1.0990 hurdle on Wednesday. Further north now emerges the psychological yardstick at 1.1000. The upside momentum in EUR/USD has faltered just ahead of the key resistance area around 1.0990 earlier on Wednesday, sparking the ongoing correction lower soon afterwards. A close above the 1.0990/1.1000 area should open the door for extra gains, with the immediate target at the 200-day SMA, today at 1.1056. Above the 200-day SMA the selling pressure is expected to subside and could allow for a visit to recent tops near 1.1150. EUR/USD daily chart 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.
