EUR/USD stays mildly positive above 200-bar SMA. Sustained trading beyond the key SMA favor buyers to confirm the bullish chart pattern. Fresh selling may wait for a clear downside break below 1.1600. EUR/USD eases to 1.1675, up 0.10% on a day, during Tuesday’s Asian session. In doing so, the major currency pair steps back from the neckline of a short-term head-and-shoulders bullish chart pattern. However, successful trading beyond 200-bar SMA, amid an absence of overbought RSI, keeps the buyers hopeful. Hence, fresh buying will take place on a clear break above 1.1680, which in turn will target 1.1750 theoretical aim with the September 23 top, near 1.1720, likely acting as an intermediate halt. In a case where EUR/USD prices remain strong past-1.1750, the 1.1800 threshold and September 21 top surrounding 1.1870/75 will be in the spotlight. Alternatively, the pair’s downside below the 200-bar SMA level of 1.1660 may recall 1.1640 and 1.1610 immediate supports on the chart. Though, EUR/USD bears’ dominance past-1.1610 will need validation from 1.1600 to attack March 2020 top close to 1.1500. EUR/USD 30-minute chart Trend: Bullish 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 Bitcoin difficulty ribbon flashes buy signal – Glassnode FX Street 2 years EUR/USD stays mildly positive above 200-bar SMA. Sustained trading beyond the key SMA favor buyers to confirm the bullish chart pattern. Fresh selling may wait for a clear downside break below 1.1600. EUR/USD eases to 1.1675, up 0.10% on a day, during Tuesday’s Asian session. In doing so, the major currency pair steps back from the neckline of a short-term head-and-shoulders bullish chart pattern. However, successful trading beyond 200-bar SMA, amid an absence of overbought RSI, keeps the buyers hopeful. Hence, fresh buying will take place on a clear break above 1.1680, which in turn will target 1.1750 theoretical aim… 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.
