“¢ The shared currency continues to benefit from an overnight report that some ECB members see end-2019 rate hike as too late. “¢ The prevalent USD selling bias provides an additional boost and lifts the pair to over one-week high, just above the 1.1700 handle. “¢ Short-term technical indicators hold in neutral territory and are still far from supporting an extension of the ongoing positive momentum. “¢ Meanwhile, the formation of a descending triangle points to a bearish set-up on the daily chart and should keep a lid on any subsequent up-move in the near-term. EUR/USD daily chart Spot Rate: 1.1693 Daily Low: 1.1650 Daily High: 1.1711 Trend: Bearish Resistance R1: 1.1720 (June 26 swing high) R2: 1.1754 (triangle hurdle) R3: 1.1792 (pre-ECB daily closing) Support S1: 1.1631 (overnight closing level) S2: 1.1604 (S2 daily pivot-point) S3: 1.1591 (weekly swing low set on Monday) 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 Germany: New orders increased by 2.6% in May – ING FX Street 3 years "¢ The shared currency continues to benefit from an overnight report that some ECB members see end-2019 rate hike as too late. "¢ The prevalent USD selling bias provides an additional boost and lifts the pair to over one-week high, just above the 1.1700 handle. "¢ Short-term technical indicators hold in neutral territory and are still far from supporting an extension of the ongoing positive momentum. "¢ Meanwhile, the formation of a descending triangle points to a bearish set-up on the daily chart and should keep a lid on… Top 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.
