EUR/USD is adding to Friday’s gains as Monday’s 4-hour chart shows the pair hitting the 1.13 resistance. Yohay Elam, an analyst at FXStreet, notes that technical indicators are favouring the break. Key quotes “EUR/USD is battling the round 1.13 level, which capped it earlier this month and serves as resistance. Will it break or bounce? Buyers seem to have the wind in their backs, as the pair trades above the 50, 100, and 200 Simple Moving Averages on the 4-hour chart and enjoys upside momentum. The Relative Strength Index is still below 70, thus outside overbought conditions.” “Above 1.13, the next line to watch is the double-top of 1.1350, last seen in late June. It is followed by 1.1385 and 1.1410.” “Support awaits at 1.1265, a swing high from late June, followed by 1.1225, a support line from late last week.” 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 S&P500 Looking Bullish Mid-Term Gregor Horvat 3 years EUR/USD is adding to Friday’s gains as Monday's 4-hour chart shows the pair hitting the 1.13 resistance. Yohay Elam, an analyst at FXStreet, notes that technical indicators are favouring the break. Key quotes “EUR/USD is battling the round 1.13 level, which capped it earlier this month and serves as resistance. Will it break or bounce? Buyers seem to have the wind in their backs, as the pair trades above the 50, 100, and 200 Simple Moving Averages on the 4-hour chart and enjoys upside momentum. The Relative Strength Index is still below 70, thus outside overbought conditions.” “Above 1.13, 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.
