Immediate ascending trend-line portrays EUR/USD’s recovery. 23.6% Fibonacci retracement and a 7-day long descending trend-line limit immediate rise. Despite recovering gradually during the late last week, the EUR/USD pair is still below key near-term resistances as it takes the rounds to 1.1138 on early Monday. Among them, 23.6% Fibonacci retracement of a week-long downpour completing on July 25, at 1.1145, followed by 7-day old downward sloping resistance-line, at 1.1158, acts as immediate upside barriers. Should prices rally beyond 1.1158, July 25 high around 1.1189 and 1.1210 can please buyers. Alternatively, a downside break of 1.1115 support-line can fetch prices to Thursday’s low of 1.1101 that holds the key to the quote’s south-run towards mid-2017 bottom close to 1.10000 mark. EUR/USD hourly 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 Gold prices firm at the start of the week ahead of key risks event clash FX Street 4 years Immediate ascending trend-line portrays EUR/USD's recovery. 23.6% Fibonacci retracement and a 7-day long descending trend-line limit immediate rise. Despite recovering gradually during the late last week, the EUR/USD pair is still below key near-term resistances as it takes the rounds to 1.1138 on early Monday. Among them, 23.6% Fibonacci retracement of a week-long downpour completing on July 25, at 1.1145, followed by 7-day old downward sloping resistance-line, at 1.1158, acts as immediate upside barriers. Should prices rally beyond 1.1158, July 25 high around 1.1189 and 1.1210 can please buyers. Alternatively, a downside break of 1.1115 support-line can fetch prices to… 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.
