EUR/USD’s rapid move past 1.2000 met resistance near 1.2080. Bouts of selling pressure are expected to be contained around 1.1910. EUR/USD clinches fresh multi-week tops near 1.2080, although deflates to the negative ground afterwards. The pair gained extra upside impulse after surpassing the 1.2050/64 band, where converge the 100-day SMA and a Fibo retracement (of the November-January rally). Above the new peaks around 1.2080 comes in the interim hurdle at 1.2100 ahead of the February highs around 1.2240. Above the 200-day SMA (1.1910) the stance for EUR/USD is predicted to remain positive. 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 GBP/USD Price Analysis: Corrects further from multi-week lows, slides to mid-1.3900s FX Street 2 years EUR/USD's rapid move past 1.2000 met resistance near 1.2080. Bouts of selling pressure are expected to be contained around 1.1910. EUR/USD clinches fresh multi-week tops near 1.2080, although deflates to the negative ground afterwards. The pair gained extra upside impulse after surpassing the 1.2050/64 band, where converge the 100-day SMA and a Fibo retracement (of the November-January rally). Above the new peaks around 1.2080 comes in the interim hurdle at 1.2100 ahead of the February highs around 1.2240. Above the 200-day SMA (1.1910) the stance for EUR/USD is predicted to remain positive. 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.
