EUR/USD adds to Friday’s losses and drops to the low-1.17s. Further losses now target the 1.17 neighbourhood near-term. EUR/USD closed Friday’s session within the negative territory as the move to fresh +2-year tops beyond 1.19 the figure lacked follow through. The pair looks offered as it comes from overbought levels and the door is now open for a deeper retracement to, initially, the Fibo level (of the 2017-2018 rally) at 1.1709. Further south, the next support of relevance aligns near 1.15 (January peaks). Looking at the broader picture, as long as the 200-day SMA, today at 1.1089, 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 WTI drops below $40 on demand worries, OPEC+ output increase FX Street 3 years EUR/USD adds to Friday’s losses and drops to the low-1.17s. Further losses now target the 1.17 neighbourhood near-term. EUR/USD closed Friday’s session within the negative territory as the move to fresh +2-year tops beyond 1.19 the figure lacked follow through. The pair looks offered as it comes from overbought levels and the door is now open for a deeper retracement to, initially, the Fibo level (of the 2017-2018 rally) at 1.1709. Further south, the next support of relevance aligns near 1.15 (January peaks). Looking at the broader picture, as long as the 200-day SMA, today at 1.1089, holds the downside,… 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.
