The EUR/USD could revisit 1.16-1.1620 before resuming the drop as the hourly chart is showing a bullish divergence of the relative strength index (RSI). The hourly RSI has also breached the descending trendline in favor of a minor corrective rally. However, the overall bias is bearish as indicated by the downward sloping Bollinger bands. Hourly chart Spot Rate: 1.1585 Daily High: 1.1590 Daily Low: 1.1581 Trend: Dead cat bounce Resistance R1: 1.1602 (July 18 low) R2: 1.1643 (50-hour moving average) R3: 1.1670 (100-hour moving average) Support S1: 1.1575 (July 19 low) S2: 1.1527 (June 28 low) S3: 1.1508 (June 21 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 RBNZ to keep rates on-hold next Thursday – Reuters poll FX Street 5 years The EUR/USD could revisit 1.16-1.1620 before resuming the drop as the hourly chart is showing a bullish divergence of the relative strength index (RSI). The hourly RSI has also breached the descending trendline in favor of a minor corrective rally. However, the overall bias is bearish as indicated by the downward sloping Bollinger bands. Hourly chart Spot Rate: 1.1585 Daily High: 1.1590 Daily Low: 1.1581 Trend: Dead cat bounce Resistance R1: 1.1602 (July 18 low) R2: 1.1643 (50-hour moving average) R3: 1.1670 (100-hour moving average) Support S1: 1.1575 (July 19 low) S2: 1.1527 (June 28 low) S3: 1.1508 (June 21… 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.
