EUR/USD is nearing key moving average hurdle on the 4-hour chart. A violation there would expose trendline sloping from June highs. EUR/USD is currently trading at 1.0986, representing 0.10% gains on the day. The currency pair looks set to challenge 1.0991 – the 4-hour chart 100-candle moving average (MA). That average has proved a tough nut to crack at least two times in the last four days. Hence, a 4H close above 1.0991 could invite stronger buying pressure, possibly leading to a test of the resistance at 1.1025 – the trendline connecting June 25 and Aug. 13 highs. A daily close above the trendline would neutralize the bearish setup. A failure to take out the 4-hour chart 100-candle MA could yield a drop to 1.0920. 4-hour chart Trend: Corrective rally Technical levels   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 China’s forex reserves fell by $14.8 billion in September FX Street 3 years EUR/USD is nearing key moving average hurdle on the 4-hour chart. A violation there would expose trendline sloping from June highs. EUR/USD is currently trading at 1.0986, representing 0.10% gains on the day. The currency pair looks set to challenge 1.0991 - the 4-hour chart 100-candle moving average (MA). That average has proved a tough nut to crack at least two times in the last four days. Hence, a 4H close above 1.0991 could invite stronger buying pressure, possibly leading to a test of the resistance at 1.1025 - the trendline connecting June 25 and Aug. 13 highs. A daily… 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.
