EUR/USD bulls held support at 1.0964 on Thursday. A bounce to 1.10 may be seen as the hourly chart is reporting bull divergence. The sell-off in EUR/USD seems to have stalled for now and a stronger bounce to 1.10 could be in the offing. On Thursday, the single currency defended support at 1.0964, which is the 76.4% Fibonacci retracement of the rally from 1.0879 to 1.1240. So far, the bounce has struggled to gather upside traction above 1.0980. That, however, could change in the next few hours, as the hourly chart is now reporting a bullish divergence of the relative strength index. The pair could challenge the psychological resistance of 1.10, which is currently housing the 50-hour moving average. The case for a bounce would weaken if the buyers fail to defend the Fibonacci support at 1.0964. Hourly chart Trend: Bullish 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 Japan’s Nishimura: Coronavirus outbreak starting to impact economy FX Street 2 years EUR/USD bulls held support at 1.0964 on Thursday. A bounce to 1.10 may be seen as the hourly chart is reporting bull divergence. The sell-off in EUR/USD seems to have stalled for now and a stronger bounce to 1.10 could be in the offing. On Thursday, the single currency defended support at 1.0964, which is the 76.4% Fibonacci retracement of the rally from 1.0879 to 1.1240. So far, the bounce has struggled to gather upside traction above 1.0980. That, however, could change in the next few hours, as the hourly chart is now reporting a bullish divergence of the relative… 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.
