EUR/USD recorded fresh 2-month lows in the vicinity of 1.1630. The next support of note lies at the March peaks near 1.1500. EUR/USD remains well on the defensive in the second half of the week, managing to record new 2-month lows near 1.1630 during early trade. While further retracements remain on the cards, a deeper pullback to the next support of relevance in the 1.1500 region (March tops) is not favoured for the time being. On the opposite side, the previous key contention area in the 1.1700 neighbourhood has now become the next upside target. Looking at the broader scenario, the bullish view on EUR/USD is expected to remain unchanged as long as the pair trades above the critical 200-day SMA, today at 1.1231. 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 AUD/USD Price Analysis: Vulnerable near 2-month lows, around 0.7030 confluence support FX Street 2 years EUR/USD recorded fresh 2-month lows in the vicinity of 1.1630. The next support of note lies at the March peaks near 1.1500. EUR/USD remains well on the defensive in the second half of the week, managing to record new 2-month lows near 1.1630 during early trade. While further retracements remain on the cards, a deeper pullback to the next support of relevance in the 1.1500 region (March tops) is not favoured for the time being. On the opposite side, the previous key contention area in the 1.1700 neighbourhood has now become the next upside target. Looking at the broader scenario,… 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.
