EUR/USD remains on the front foot at the multi-week top. The year 2019 high offers immediate resistance ahead of 50% Fibonacci retracement. Sellers can target January top on the downside break below 100/200-day SMA. EUR/USD isn’t behind the majors amid the present ex-USD moves that have been taking clues from coronavirus (COVID-19). The pair recently surged to the highest since February 2019 to 1.1497, currently up 1.27% around 1.1450, during Monday’s Asian session. With the sustained break above 100 and 200-week SMA confluence, EUR/USD is all gearing up to challenge the year 2019 top surrounding 1.1570. However, the pair’s further upside could be questioned by 50% Fibonacci retracement of its broad declines from February 2016 to February 2020, near 1.1670. On the contrary, the pair’s declines below the said SMA confluence close to 1.1350/33 can recall January month high of 1.1239 back to the charts. EUR/USD weekly chart Trend: Bullish 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 Japan Govt Spokesman: Closely monitoring market moves FX Street 2 years EUR/USD remains on the front foot at the multi-week top. The year 2019 high offers immediate resistance ahead of 50% Fibonacci retracement. Sellers can target January top on the downside break below 100/200-day SMA. EUR/USD isn’t behind the majors amid the present ex-USD moves that have been taking clues from coronavirus (COVID-19). The pair recently surged to the highest since February 2019 to 1.1497, currently up 1.27% around 1.1450, during Monday’s Asian session. With the sustained break above 100 and 200-week SMA confluence, EUR/USD is all gearing up to challenge the year 2019 top surrounding 1.1570. However, the pair’s further… 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.
