EUR/USD bounces off 21/50-day SMA confluence to pierce 1.0900 mark. A two-month-old ascending trend line offers strong support below the SMA joint. The monthly top offers key resistance on the upside. EUR/USD takes the bids to 1.0911, up 0.14% on a day, during Tuesday’s Asian session. In doing so, the quote recovers from a confluence of 21 and 50-day SMA while snapping the previous three-day losing streak. That said, the pair currently aims to visit 38.2% Fibonacci retracement of March month fall, around 1.0965, whereas Thursday’s top near 1.1010 could lure the bulls next. It should, however, be noted that the quotes’ upside past-1.1010 will be dependent upon how well it manages to stay beyond 1.1020. Meanwhile, a daily closing under 1.0880/75 support confluence can quickly fetch EUR/USD prices to 23.6% Fibonacci retracement level of 1.0838. Though, an ascending trend line from March 23, currently around 1.0805, could challenge the bears afterward. EUR/USD daily chart Trend: Further recovery expected 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 USD/JPY jumps 12 pips as BOJ’s Kuroda talks about downside risks to Japan’s economy FX Street 3 years EUR/USD bounces off 21/50-day SMA confluence to pierce 1.0900 mark. A two-month-old ascending trend line offers strong support below the SMA joint. The monthly top offers key resistance on the upside. EUR/USD takes the bids to 1.0911, up 0.14% on a day, during Tuesday’s Asian session. In doing so, the quote recovers from a confluence of 21 and 50-day SMA while snapping the previous three-day losing streak. That said, the pair currently aims to visit 38.2% Fibonacci retracement of March month fall, around 1.0965, whereas Thursday’s top near 1.1010 could lure the bulls next. It should, however, be noted that… 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.
