EUR/USD extends the consolidative mood around the 1.1700 level. Next target on the upside is still at 1.1917 (September 10 high). The buying interest in EUR/USD met initial resistance in the 1.1770/80 band – or multi-day highs – where it also converges the 55-day SMA. Extra gains now need to surpass this area to allow for a potential move to the 1.1915/20 band (September 10). On the downside, the 1.1610 zone emerges as a significant magnet for bears. 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 1.1249. 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 USD/CAD: Threat of a premature resumption of the bear trend rises decisively – Credit Suisse FX Street 2 years EUR/USD extends the consolidative mood around the 1.1700 level. Next target on the upside is still at 1.1917 (September 10 high). The buying interest in EUR/USD met initial resistance in the 1.1770/80 band – or multi-day highs - where it also converges the 55-day SMA. Extra gains now need to surpass this area to allow for a potential move to the 1.1915/20 band (September 10). On the downside, the 1.1610 zone emerges as a significant magnet for bears. Looking at the broader scenario, the bullish view on EUR/USD is expected to remain unchanged as long as the pair trades above… 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.
