EUR/USD broke above the 1.1672 resistance level and has gained about 30 pips in the early European session. The 50-period simple moving average (SMA) broke above the 200 SMA, while the 100 SMA is about to do so, suggesting building bullish momentum. The 1.1700 figure is likely going to be the decisive level to break if bulls want to extend the bull leg towards 1.1730-1.1750 area. Supports to the downside are likely located near 1.1640-1.1649 area and 1.1600-1.1613 zone. Bulls currently have an advantage while above 1.1600-1.1613 area. Investors are going to focus on the preliminary reading of the German Harmonized Index of Consumer Prices at 12:00 GMT which is likely going to lead to volatility. EUR/USD 15-minute chart Spot rate: 1.1686 Relative change: 0.25% High: 1.1693 Low: 1.1648 Trend: Bearish / Bullish pullback / Risk of trend reversal above 1.1730-1.1750 Resistance 1: 1.1700 figure Resistance 2: 1.1730-1.1740-1.1750 area, 23.6% Fibonacci retracement mid-April-May bear move, weekly high. Resistance 3: 1.1760-1.1795 supply levels Resistance 4: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move Support 1: 1.1672 June 27 high Support 2: 1.1649 July 12 low Support 3: 1.1640-1.1649 key level and July 12 low Support 4: 1.1600-1.1613 figure and July 13 low Support 5: 1.1560 June 14 low Support 6: 1.1508 current 2018 low 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 Euro-zone economic sentiment edges lower in July – monthly survey FX Street 5 years EUR/USD broke above the 1.1672 resistance level and has gained about 30 pips in the early European session. The 50-period simple moving average (SMA) broke above the 200 SMA, while the 100 SMA is about to do so, suggesting building bullish momentum. The 1.1700 figure is likely going to be the decisive level to break if bulls want to extend the bull leg towards 1.1730-1.1750 area. Supports to the downside are likely located near 1.1640-1.1649 area and 1.1600-1.1613 zone. Bulls currently have an advantage while above 1.1600-1.1613 area. Investors are going to focus on the preliminary reading of the German… 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.
