EUR/USD is bouncing off daily lows and trades closer to 1.18 as Thursday’s 4-hour chart is showing that bulls have room to run, Yohay Elam, an analyst at FXStreet, informs. Key quotes “Despite the recent rally, the Relative Strength Index on the 4-hour chart remains below the 70 level – outside overbought conditions and allowing the EUR/USD pair to continue rising.” “The next level to watch is 1.1820 – a high point in September 2018. Beyond that point, euro/dollar would hit the highest since June 2018 – a two-year peak. The next hurdles are 1.1850 and then only the psychologically significant 1.20 – but that would trigger overbought conditions if it happens too fast.” “Momentum remains to the upside and EUR/USD holds above the 50, 100, and 200 Simple Moving Averages.” “Support awaits at 1.1780, 1.1750, and 1.17.” 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 Bitcoin Cash Price Analysis: BCH/USD switches to the recovery mode, jumps above $286.00 FX Street 3 years EUR/USD is bouncing off daily lows and trades closer to 1.18 as Thursday's 4-hour chart is showing that bulls have room to run, Yohay Elam, an analyst at FXStreet, informs. Key quotes “Despite the recent rally, the Relative Strength Index on the 4-hour chart remains below the 70 level – outside overbought conditions and allowing the EUR/USD pair to continue rising.” “The next level to watch is 1.1820 – a high point in September 2018. Beyond that point, euro/dollar would hit the highest since June 2018 – a two-year peak. The next hurdles are 1.1850 and then only the psychologically… 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.
