The falling channel, prices below short-term key moving average portray EUR/USD weakness. Bears can keep an eye over 1.1100 unless witnessing a run-up beyond 1.1222 resistance confluence. The EUR/USD pair’s latest pullback lags behind immediate resistance as the quote seesaws near 1.1158 early on Wednesday morning. 50-bar moving average on the 4-hour chart (4H 50MA), at 1.1162, caps pair’s nearby upside underneath a five-week-old descending trend-channel. Should prices rise past-1.1162, early-month low close to 1.1195 can entertain buyers ahead of challenging them with 1.1220/22 confluence including channel’s upper-line and 38.2% Fibonacci retracement of late-May to July downpour. In a case where the bulls manage to overcome 1.1222 resistance, 1.1280 and 61.8% Fibonacci retracement near 1.1295 could flash on their radar. On the flip side, 1.1130 and the monthly low of 1.1101 hold the gate for the channel’s support-line, at 1.1075 now. EUR/USD 4-hour chart Trend: Bearish 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 Aximetria has been approved to operate in the Swiss market FX Street 4 years The falling channel, prices below short-term key moving average portray EUR/USD weakness. Bears can keep an eye over 1.1100 unless witnessing a run-up beyond 1.1222 resistance confluence. The EUR/USD pair's latest pullback lags behind immediate resistance as the quote seesaws near 1.1158 early on Wednesday morning. 50-bar moving average on the 4-hour chart (4H 50MA), at 1.1162, caps pair's nearby upside underneath a five-week-old descending trend-channel. Should prices rise past-1.1162, early-month low close to 1.1195 can entertain buyers ahead of challenging them with 1.1220/22 confluence including channel's upper-line and 38.2% Fibonacci retracement of late-May to July downpour. In a case… 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.
