EUR/USD remains offered well below the 1.18 level on Monday. The 200-day SMA near 1.1860 now emerges as the next hurdle. EUR/USD’s leg lower appears to have met decent contention in the 1.1760 area so far, coincident with a Fibo level (of the November-January rally). The recent breakdown of the 200-day SMA (1.1859) allows sellers to remain well in control of the sentiment surrounding the European currency, exposing at the same time further losses in the short-term horizon. Below recent YTD lows around 1.1760 there are no relevant support levels until the November 2020 lows in the 1.1600 zone. While below the 200-day SMA the short-term stance for EUR/USD is expected to remain negative. 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 WTI pares early losses, trades flat on the day a little below $61.00 FX Street 8 months EUR/USD remains offered well below the 1.18 level on Monday. The 200-day SMA near 1.1860 now emerges as the next hurdle. EUR/USD's leg lower appears to have met decent contention in the 1.1760 area so far, coincident with a Fibo level (of the November-January rally). The recent breakdown of the 200-day SMA (1.1859) allows sellers to remain well in control of the sentiment surrounding the European currency, exposing at the same time further losses in the short-term horizon. Below recent YTD lows around 1.1760 there are no relevant support levels until the November 2020 lows in the 1.1600 zone. While… Top 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.
