The EUR/USD technical picture is showing bearish signs, as FXStreet’s analyst Yohay Elam notes. Key quotes “EUR/USD is trading below the 50, 100, and 200 Simple Moving Averages – a bearish sign. Other indicators are less decisive, with momentum and the Relative Strength Index remaining flat.” “Support awaits at 1.0840, which capped the pair earlier this week. It is followed by 1.0770, April’s low.”. “Resistance is at 1.0930, which provided support in late March and where the 50 SMA hits the chart. It is followed by 1.0970, which capped EUR/USD in early April.” 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 AUD/EUR: A slip back towards 0.54 seems likely – Westpac FX Street 2 years The EUR/USD technical picture is showing bearish signs, as FXStreet’s analyst Yohay Elam notes. Key quotes “EUR/USD is trading below the 50, 100, and 200 Simple Moving Averages – a bearish sign. Other indicators are less decisive, with momentum and the Relative Strength Index remaining flat.” “Support awaits at 1.0840, which capped the pair earlier this week. It is followed by 1.0770, April's low.”. “Resistance is at 1.0930, which provided support in late March and where the 50 SMA hits the chart. It is followed by 1.0970, which capped EUR/USD in early April.” 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.
