EUR/USD’s struggle for a breakout above 1.23 continues. The daily chart shows signs of bull fatigue. EUR/USD is trading near the psychological level of 1.23 at press time, having failed to establish a foothold above that level for the fourth straight trading day on Tuesday. The repeated rejection above 1.23 indicates uptrend exhaustion and validates the 14-day Relative Strength Index’s bearish divergence. Quick progress above 1.23 is now needed to keep the broader uptrend going. On the downside, violation of support at 1.2215 (Dec. 31 low) would confirm a temporary bear reversal and shift risk in favor of a drop to sub-1.21 levels. Daily chart Trend: Bullish above 1.23 Technical levels 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 stays depressed below 103.00 amid fresh challenges to risk, Georgia runoff eyed FX Street 11 months EUR/USD's struggle for a breakout above 1.23 continues. The daily chart shows signs of bull fatigue. EUR/USD is trading near the psychological level of 1.23 at press time, having failed to establish a foothold above that level for the fourth straight trading day on Tuesday. The repeated rejection above 1.23 indicates uptrend exhaustion and validates the 14-day Relative Strength Index's bearish divergence. Quick progress above 1.23 is now needed to keep the broader uptrend going. On the downside, violation of support at 1.2215 (Dec. 31 low) would confirm a temporary bear reversal and shift risk in favor of a drop… 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.
