The EUR/USD pair is struggling around 1.13, maintaining a moderate positive bias, as it quickly recovered after piercing the 23.6% retracement of the latest daily advance at 1.1270, the immediate support, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “German data added pressure on the shared currency, as Industrial Production missed the market’s expectations, up by 7.8% in the month and down by 19.3% when compared to a year earlier.” “In the 4-hour chart, the EUR/USD pair is holding above all of its moving averages, while technical indicators bounced from around their midlines.” “Support levels: 1.1270 1.1220 Resistance levels: 1.1310 1.1345” 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 Fed’s Bostic: Fed’s lending facilities have eased the strain on market FX Street 3 years The EUR/USD pair is struggling around 1.13, maintaining a moderate positive bias, as it quickly recovered after piercing the 23.6% retracement of the latest daily advance at 1.1270, the immediate support, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “German data added pressure on the shared currency, as Industrial Production missed the market’s expectations, up by 7.8% in the month and down by 19.3% when compared to a year earlier.” “In the 4-hour chart, the EUR/USD pair is holding above all of its moving averages, while technical indicators bounced from around their midlines.” “Support levels: 1.1270 1.1220 Resistance levels: 1.1310… 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.
