EUR/USD’s repeated struggle to cross 1.1362 (76.4% Fib R of 1.1420/1.1176) may invite selling pressures. 4-hour chart As can be seen, the pair refreshed the rally from the recent low of 1.1176 with a pennant breakout on March 17. So far, however, a convincing move above 1.1362 has remained elusive. Interestingly, the trendline connecting the Jan. 31 and Feb. 28 highs is also located near 1.1362, making it a key level to beat for the bulls. A 4-hour close above 1.1362 would open the doors to 1.14. That said, multiple rejections at the Fib hurdle have weakened the immediate bull bias. The pair, therefore, risks falling back to 1.1325. Trend: Mildly 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 XRP/USD Technical Analysis: Market trending in a narrow range as bears take over FX Street 4 years EUR/USD's repeated struggle to cross 1.1362 (76.4% Fib R of 1.1420/1.1176) may invite selling pressures. 4-hour chart As can be seen, the pair refreshed the rally from the recent low of 1.1176 with a pennant breakout on March 17. So far, however, a convincing move above 1.1362 has remained elusive. Interestingly, the trendline connecting the Jan. 31 and Feb. 28 highs is also located near 1.1362, making it a key level to beat for the bulls. A 4-hour close above 1.1362 would open the doors to 1.14. That said, multiple rejections at the Fib hurdle have weakened the… 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.