EUR/USD is coming under renewed downside pressure. Friday’s failure to surpass the 55-day SMA triggers the leg lower. EUR/USD is slipping back to the 100-day SMA in the 1.1070/65 band on Monday following Friday’s failed attempt to regain the 55-day SMA near 1.1090. Above this area, the downside pressure should alleviate and allow for a move to the more relevant 200-day SMA, today at 1.1126. If the 100-day SMA is cleared on a convincing fashion, then the 1.1000/1.0990 region should return to the investors’ radar. 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 EU’s Barnier: We continue to prepare for all options, including a no-deal by year-end FX Street 2 years EUR/USD is coming under renewed downside pressure. Friday’s failure to surpass the 55-day SMA triggers the leg lower. EUR/USD is slipping back to the 100-day SMA in the 1.1070/65 band on Monday following Friday’s failed attempt to regain the 55-day SMA near 1.1090. Above this area, the downside pressure should alleviate and allow for a move to the more relevant 200-day SMA, today at 1.1126. If the 100-day SMA is cleared on a convincing fashion, then the 1.1000/1.0990 region should return to the investors’ radar. EUR/USD daily chart 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.
