EUR/USD struggles to leave behind the 1.19 level. Further gains are expected to test the 1.1980/90 band. EUR/USD extends the rangebound theme in the upper end of the recent range near 1.1900. The rebound from YTD lows near 1.1700 (March 31) appears to have met quite a solid resistance in the low-1.1900s so far. A sustainable breakout of the 200-day SMA (1.1892) should open the door to further upside with the next target at the 1.1980/90 region. In this area converge the mid-March peaks, the 50-day SMA and a Fibo level (of the November-January rally). A surpass of this area allows for a move to the key 1.2000 hurdle. Above the 200-day SMA (1.1892) the stance for EUR/USD is expected to shift to positive. 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 Indonesia expected to benefit from US-China recovery – UOB FX Street 2 years EUR/USD struggles to leave behind the 1.19 level. Further gains are expected to test the 1.1980/90 band. EUR/USD extends the rangebound theme in the upper end of the recent range near 1.1900. The rebound from YTD lows near 1.1700 (March 31) appears to have met quite a solid resistance in the low-1.1900s so far. A sustainable breakout of the 200-day SMA (1.1892) should open the door to further upside with the next target at the 1.1980/90 region. In this area converge the mid-March peaks, the 50-day SMA and a Fibo level (of the November-January rally). A surpass of this area… 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.
