EUR/USD comes under pressure following 2020 highs near 1.1920. Further downside is seen visiting recent lows in the sub-1.17 area. EUR/USD is fading part of the recent move up to record fresh peaks in the 1.1915/20 band, levels last traded in May 2018. Extra losses in EUR/USD are likely in the short-term horizon on the back of the current overbought conditions and the bearish divergence in the daily RSI, as the recent top was not confirmed by the indicator. That said, a drop to weekly lows just below 1.17 should not be ruled out. In the longer run, as long as the 200-day SMA, today at 1.1104, holds the downside, further gains in EUR/USD remains well on the table. 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/JPY: Recovery extension depends on NFP FX Street 2 years EUR/USD comes under pressure following 2020 highs near 1.1920. Further downside is seen visiting recent lows in the sub-1.17 area. EUR/USD is fading part of the recent move up to record fresh peaks in the 1.1915/20 band, levels last traded in May 2018. Extra losses in EUR/USD are likely in the short-term horizon on the back of the current overbought conditions and the bearish divergence in the daily RSI, as the recent top was not confirmed by the indicator. That said, a drop to weekly lows just below 1.17 should not be ruled out. In the longer run, as long… 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.
