EUR/USD is currently trading at 1.1320, up 0.15 percent on the day, having defended 1.13 with a bounce from the support of the trendline connecting March 7 and March 11 lows. Hourly chart Both the ascending trendline and the bullish crossover of the 50- and 200-hour moving averages (MAs) indicates the path of least resistance is to the higher side. The relative strength index (RSI) is also reporting bullish conditions with an above-50 reading. That said, as per the daily chart, the outlook would turn bullish again if the pair finds acceptance above 1.1339 (March 13 high). On the downside, a violation of the ascending trendline on the hourly chart could yield a deeper pullback to 1.1276 (38.2% Fib R of 1.1176/1.1339). Trend: Cautiously bullish 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 Bitcoin, Ethereum, Ripple overview: wake me up when something happens FX Street 4 years EUR/USD is currently trading at 1.1320, up 0.15 percent on the day, having defended 1.13 with a bounce from the support of the trendline connecting March 7 and March 11 lows. Hourly chart Both the ascending trendline and the bullish crossover of the 50- and 200-hour moving averages (MAs) indicates the path of least resistance is to the higher side. The relative strength index (RSI) is also reporting bullish conditions with an above-50 reading. That said, as per the daily chart, the outlook would turn bullish again if the pair finds acceptance above 1.1339 (March 13 high). … 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.
