EUR/USD hits new 2021 lows in the 1.1800 neighbourhood. Further south comes in a minor support around 1.1760. EUR/USD’s weekly decline appears to have met a decent contention just above the 1.18 yardstick so far on Thursday. The recent breakdown of the 200-day SMA (1.1854) allows sellers to remain well in control of the sentiment surrounding the European currency, increasing the likelihood of further losses in the short-term horizon. That said, below 1.1800 emerges a minor support at a Fibo level (of the November-January rally) near 1.1760. Further south there are no relevant support levels until the November 2020 lows in the 1.1600 zone. While below the 200-day SMA the short-term stance for EUR/USD is expected to remain negative. 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 US: Real GDP expands by in 4.3% in Q4 vs. 4.1% expected FX Street 8 months EUR/USD hits new 2021 lows in the 1.1800 neighbourhood. Further south comes in a minor support around 1.1760. EUR/USD's weekly decline appears to have met a decent contention just above the 1.18 yardstick so far on Thursday. The recent breakdown of the 200-day SMA (1.1854) allows sellers to remain well in control of the sentiment surrounding the European currency, increasing the likelihood of further losses in the short-term horizon. That said, below 1.1800 emerges a minor support at a Fibo level (of the November-January rally) near 1.1760. Further south there are no relevant support levels until the November 2020 lows… Top 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.
