EUR/USD traded sideways to down throughout this Monday, consolidating the recent 170-pip bull move started last Thursday. EUR/USD is forming a bull flag and is consolidating near the 200-period simple moving average (SMA) just below the 1.1700 figure. The next scaling points to the downside are seen in the 1.1640-1.1649 area and 1.1600-1.1613 zone; a bear breakout below that level would likely negate the bullish scenario. The bulls objective is to break above 1.1730-1.1740 area in order to initially target the 1.1760-1.1795 zone. The bull case is still in place despite EUR/USD about to close near its low. EUR/USD 15-minute chart Spot rate: 1.1694 Relative change: -0.25% High: 1.1751 Low: 1.1683 Trend: Bearish / Bullish reversal attempt Resistance 1: 1.1730-1.1740 area, 23.6% Fibonacci retracement mid-April-May bear move, key level. Resistance 2: 1.1760-1.1795 supply level Resistance 3: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move Support 1: 1.1672-1.1700 June 27 high and figure Support 2: 1.1640-1.1649 area, key level and July 12 low Support 3: 1.1600-1.1613 figure and July 13 low Support 4: 1.1560 June 14 low Support 5: 1.1508 current 2018 low Support 6: 1.1400 figure 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 NZD/USD: trading in key zone, below recent highs but holding previous support FX Street 5 years EUR/USD traded sideways to down throughout this Monday, consolidating the recent 170-pip bull move started last Thursday. EUR/USD is forming a bull flag and is consolidating near the 200-period simple moving average (SMA) just below the 1.1700 figure. The next scaling points to the downside are seen in the 1.1640-1.1649 area and 1.1600-1.1613 zone; a bear breakout below that level would likely negate the bullish scenario. The bulls objective is to break above 1.1730-1.1740 area in order to initially target the 1.1760-1.1795 zone. The bull case is still in place despite EUR/USD about to close near its low.… 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.
