EUR/USD is trading around 1.10, marginally above the monthly lows. Wednesday’s four-hour chart is pointing to further falls, as FXStreet’s Yohay Elam notes. Key quotes “Euro/dollar is trading struggling with the 200 Simple Moving Average on the four-hour chart and trades below the 50 and 100 SMAs. It is suffering from downside momentum while the Relative Strength Index is above 30 – outside oversold conditions.” “Significant support awaits at 1.0955, the daily low, and it also provided support on Tuesday. It is followed by 1.0875, which capped it in late February.” “Resistance is at 1.1050, which is a separator of ranges, followed by 1.11, a support line from early March.” 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 Australia: RBA to cut the cash rate to 0.25% – TDS FX Street 2 years EUR/USD is trading around 1.10, marginally above the monthly lows. Wednesday's four-hour chart is pointing to further falls, as FXStreet’s Yohay Elam notes. Key quotes “Euro/dollar is trading struggling with the 200 Simple Moving Average on the four-hour chart and trades below the 50 and 100 SMAs. It is suffering from downside momentum while the Relative Strength Index is above 30 – outside oversold conditions.” “Significant support awaits at 1.0955, the daily low, and it also provided support on Tuesday. It is followed by 1.0875, which capped it in late February.” “Resistance is at 1.1050, which is a separator of… 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.
