EUR/USD extends recovery from 61.8% Fibonacci retracement. Overbought RSI conditions add strength to the resistances. The EUR/USD pair’s successful recovery from 61.8% Fibonacci retracement flashes a seven-day high of 1.1065 by the press time of early Monday. Even so, overbought conditions of 14-bar Relative Strength Index join 200-bar Simple Moving Average (SMA) and 38.2% Fibonacci retracement level of October month rise to question pair’s further upside. Additionally, late-October low near 1.1070/75 and November 06 high around 1.1095 could question pair’s run-up beyond 1.1065, if not then 1.1130 and the previous month high around 1.1180 could lure buyers. Alternatively, 50% and 61.8% Fibonacci retracement levels of 1.1030 and 1.1000 respectively could limit pair’s near-term declines ahead of October 08 and 03 lows near 1.0940. If at all sellers refrain from respecting 1.0940, October month low surrounding 1.0880 will be the sellers’ choice. EUR/USD 4-hour chart Trend: Pullback expected 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 Bitcoin price update: BTC/USD grinds towards two distinct breakout patterns FX Street 3 years EUR/USD extends recovery from 61.8% Fibonacci retracement. Overbought RSI conditions add strength to the resistances. The EUR/USD pair's successful recovery from 61.8% Fibonacci retracement flashes a seven-day high of 1.1065 by the press time of early Monday. Even so, overbought conditions of 14-bar Relative Strength Index join 200-bar Simple Moving Average (SMA) and 38.2% Fibonacci retracement level of October month rise to question pair's further upside. Additionally, late-October low near 1.1070/75 and November 06 high around 1.1095 could question pair's run-up beyond 1.1065, if not then 1.1130 and the previous month high around 1.1180 could lure buyers. Alternatively, 50% and… 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.
