Rising selling bias puts the EUR/USD under extra pressure. Further decline could see the YTD low at 1.0635 revisited. EUR/USD remains under pressure in the 1.0800 region at the beginning of the week, although the February low at 1.0777 appears to be holding well for the time being. A breach of this area on a firm fashion is expected to open the door to a move to the 2020 low at 1.0635 ahead of the April 2017 low at 1.0569. The selling pressure is expected to mitigate, initially, above the 200-day SMA (1.1068) ahead of recent tops in the mid-1.1100s. 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 rebounds above mid-$27s as investors stay focused on OPEC headlines FX Street 2 years Rising selling bias puts the EUR/USD under extra pressure. Further decline could see the YTD low at 1.0635 revisited. EUR/USD remains under pressure in the 1.0800 region at the beginning of the week, although the February low at 1.0777 appears to be holding well for the time being. A breach of this area on a firm fashion is expected to open the door to a move to the 2020 low at 1.0635 ahead of the April 2017 low at 1.0569. The selling pressure is expected to mitigate, initially, above the 200-day SMA (1.1068) ahead of recent tops in the mid-1.1100s.… 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.
