EUR/USD remains under pressure around 1.1900 on Monday. The 200-day SMA emerges at the 1.1845/50 band. EUR/USD continues to challenge the sub-1.1900 region amidst the prevailing sentiment supporting the greenback. A deeper pullback faces the next key support at the critical 200-day SMA near 1.1850. If cleared, then the door should remain open to a probable move to the 2021 lows in the 1.1835/30 band (March 9). Below the latter, potential losses are expected to gather further steam with the next target at a Fibo level at 1.1762 ahead of the 2008-2020 support line in the 1.1600/1.1590 band. A deeper drop to the latter, however, is not contemplated for the time being. 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 EUR/ZAR to drift lower towards the August 2019 high at 17.3134 – Commerzbank FX Street 1 year EUR/USD remains under pressure around 1.1900 on Monday. The 200-day SMA emerges at the 1.1845/50 band. EUR/USD continues to challenge the sub-1.1900 region amidst the prevailing sentiment supporting the greenback. A deeper pullback faces the next key support at the critical 200-day SMA near 1.1850. If cleared, then the door should remain open to a probable move to the 2021 lows in the 1.1835/30 band (March 9). Below the latter, potential losses are expected to gather further steam with the next target at a Fibo level at 1.1762 ahead of the 2008-2020 support line in the 1.1600/1.1590 band. A deeper… 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.
