EUR/USD steps back from one-week top, still above 200-bar SMA. Monthly falling trend line becomes the key immediate upside barrier. Ascending trend line from April 24 adds to the support. EUR/USD retreats from 1.0996 to currently around 1.0972, down on 0.09% a day, during Wednesday’s Asian session. The pair’s recent pullback takes clues from nearly overbought RSI conditions, coupled with the proximity to important resistance. That said, the pair can revisit 1.0900 support while 200-bar SMA near 1.0870 could restrict further downside. If sellers refrain to respect 1.0870 rest-point, a month-old rising support line, at 1.0800 now, could grab the market attention. On the upside, a sustained break above the falling trend line from May 01, currently near 1.0005, could set the tone for a fresh run-up that challenges a monthly top near 1.1020. EUR/USD four-hour chart Trend: Pullback expected 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 Stablecoins can serve as instant cross-blockchain bridges – Vitalik Buterin FX Street 3 years EUR/USD steps back from one-week top, still above 200-bar SMA. Monthly falling trend line becomes the key immediate upside barrier. Ascending trend line from April 24 adds to the support. EUR/USD retreats from 1.0996 to currently around 1.0972, down on 0.09% a day, during Wednesday’s Asian session. The pair’s recent pullback takes clues from nearly overbought RSI conditions, coupled with the proximity to important resistance. That said, the pair can revisit 1.0900 support while 200-bar SMA near 1.0870 could restrict further downside. If sellers refrain to respect 1.0870 rest-point, a month-old rising support line, at 1.0800 now, could grab the… 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.
