Spot continues to retreat from Monday’s tops in the 1.1790/95 band and currently tests weekly lows in the 1.1630 region. The bearish mood is reinforced by prices trading below the Ichimoku cloud. The rejection from the 200-hour SMA in the 1.1700 neighbourhood (Thursday top) also acts as a catalyst for further downside. The loss of the 21-day SMA in the key area around 1.1650 (coincident with a retracement of the 1.1508-1.1791 move) has now opened the door for a deeper retracement that should put the 1.1500 area back on the radar. The daily RSI (14) is pointing south around 44.0, leaving plenty of room for further decline. EUR/USD daily chart Daily high: 1.1675 Daily low: 1.1627 Support Levels S1: 1.1648 S2: 1.1625 S3: 1.1601 Resistance Levels R1: 1.1695 R2: 1.1719 R3: 1.1742 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 USD/CHF now targets 1.0057 – Commerzbank FX Street 5 years Spot continues to retreat from Monday's tops in the 1.1790/95 band and currently tests weekly lows in the 1.1630 region. The bearish mood is reinforced by prices trading below the Ichimoku cloud. The rejection from the 200-hour SMA in the 1.1700 neighbourhood (Thursday top) also acts as a catalyst for further downside. The loss of the 21-day SMA in the key area around 1.1650 (coincident with a retracement of the 1.1508-1.1791 move) has now opened the door for a deeper retracement that should put the 1.1500 area back on the radar. The daily RSI (14) is pointing south around 44.0,… 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.
