EUR/USD trades over half a percent higher on Monday. The price has bounced off an important resistance but will 1.13 hold. EUR/USD 4-hour chart EUR/USD has been trading higher on the Monday as risk sentiment in macro markets improved. The EUR is one of the best-performing currencies rising against all of the majors. Analysing the 4-hour chart below the key feature is the resistance level. It has been tested for the fourth time on Monday. Only once did the price manage to break through but the move did not last long. The last 4-hour candle is a shooting star candle which is traditionally bearish. A confirmation signal for the bearish break would be if the price falls below 1.2397, the previous green candle opening price. The MACD is still positive, the histogram is still in the green and the signal lines are above the zero point adding to the bullish bias. The Relative Strength Index is also still positive. The signal line nearly hit the overbought zone but pulled back slightly in this latest retracement, there is now still some space to move higher. Additional levels 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 BoC surveys show economic recovery will take time – RBC FX Street 3 years EUR/USD trades over half a percent higher on Monday. The price has bounced off an important resistance but will 1.13 hold. EUR/USD 4-hour chart EUR/USD has been trading higher on the Monday as risk sentiment in macro markets improved. The EUR is one of the best-performing currencies rising against all of the majors. Analysing the 4-hour chart below the key feature is the resistance level. It has been tested for the fourth time on Monday. Only once did the price manage to break through but the move did not last long. The last 4-hour candle is a shooting star candle which… 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.
