The EUR/USD pair failed to hold on top of 1.1600 today, after being rejected from above 1.1700 last week and is about to post the fourth consecutive decline. The bearish momentum remains strong and the euro is likely to extend losses while under 1.1605 (downtrend line). On a wider perspective, EUR/USD is back into the previous trading range and a test of the lower bottom at 1.1520/30 is on the cards. A break lower could clear the way to more losses. EUR/USD 15-minute chart Daily high: 1.1625 Daily low: 1.1563 Support Levels S1: 1.1550 S2: 1.1520 S3: 1.1500 Resistance Levels R1: 1.1585 R2: 1.1605 R3: 1.1630 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 BoJ Tankan survey showed weaker business sentiment, BoJ on hold for longer – Nomura FX Street 4 years The EUR/USD pair failed to hold on top of 1.1600 today, after being rejected from above 1.1700 last week and is about to post the fourth consecutive decline. The bearish momentum remains strong and the euro is likely to extend losses while under 1.1605 (downtrend line). On a wider perspective, EUR/USD is back into the previous trading range and a test of the lower bottom at 1.1520/30 is on the cards. A break lower could clear the way to more losses. EUR/USD 15-minute chart Daily high: 1.1625 Daily low: 1.1563 Support Levels S1: 1.1550 S2: 1.1520 S3:… 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.
