EUR/USD trades above the 50-day average at 1.0964. Tuesday’s marubozu candle suggests the path of least resistance is to the higher side. EUR/USD is sidelined near 1.0980 at press time, having found acceptance above a key average hurdle during the overnight trade. The pair jumped 0.67% on Tuesday and formed a green marubozu candle, which comprises a strong body and little or no wicks. The marubozu candle, a sign of strong bullish sentiment, also marked a daily close above the 50-day average and indicates scope for a rise to the 100-day average at 1.1030. The bullish candle is also backed by an above-50 reading on the 14-day relative strength index. The bullish bias would be invalidated if the spot drops below Tuesday’s low of 1.0901. Daily 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 China’s Hubei province reports zero new coronavirus cases on April 14 FX Street 2 years EUR/USD trades above the 50-day average at 1.0964. Tuesday's marubozu candle suggests the path of least resistance is to the higher side. EUR/USD is sidelined near 1.0980 at press time, having found acceptance above a key average hurdle during the overnight trade. The pair jumped 0.67% on Tuesday and formed a green marubozu candle, which comprises a strong body and little or no wicks. The marubozu candle, a sign of strong bullish sentiment, also marked a daily close above the 50-day average and indicates scope for a rise to the 100-day average at 1.1030. The bullish candle is also backed… 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.
