EUR/USD has embarked on a corrective pullback to the mid-1.1700s after clinching fresh tops just above 1.18 the figure on Wednesday. Notwithstanding, Thursday’s 4-hour chart is pointing to fresh gains as the pair shows bullish signs, FXStreet’s analyst Yohay Elam briefs. Key quotes “Momentum on the 4-hour chart remains positive despite some softening, and the Relative Strength Index is below 70 – outside overbought conditions. EUR/USD continues trading above the 50, 100, and 200 Simple Moving Averages, and it continues setting higher highs and higher lows – all bullish signs.” “Initial resistance awaits at 1.1780, a high point early in the week. It is followed by the new 22-month high of 1.1806. The next lines to watch are 1.1820 and 1.1850.” “Support is at 1.17, that cushioned EUR/USD this week, followed by 1.1625, which capped it 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 EUR/USD: Showing its strength, and may surge to new highs in response to US GDP Yohay Elam 3 years EUR/USD has embarked on a corrective pullback to the mid-1.1700s after clinching fresh tops just above 1.18 the figure on Wednesday. Notwithstanding, Thursday's 4-hour chart is pointing to fresh gains as the pair shows bullish signs, FXStreet’s analyst Yohay Elam briefs. Key quotes “Momentum on the 4-hour chart remains positive despite some softening, and the Relative Strength Index is below 70 – outside overbought conditions. EUR/USD continues trading above the 50, 100, and 200 Simple Moving Averages, and it continues setting higher highs and higher lows – all bullish signs.” “Initial resistance awaits at 1.1780, a high point early in… 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.
