EUR/USD’s weekly advance lost traction in the 1.1080/90 band so far. Further selling interest could see the 55-day SMA in the 1.1040 area retested. EUR/USD came under selling pressure on Wednesday after failing to extend its march further north of the 1.1080/90 band. The leg lower is accompanied by the pick-up in the sentiment surrounding the buck amidst rising trade concerns and lower yields. That said, the continuation of the bearish note could drag spot back to the key 1.1040 region, where sits the 55-day SMA. Below this important area of contention, the upside pressure is expected to alleviate. 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 EU’s Dombrovskis: No need for Italy, France to take immediate action on budgets FX Street 3 years EUR/USD's weekly advance lost traction in the 1.1080/90 band so far. Further selling interest could see the 55-day SMA in the 1.1040 area retested. EUR/USD came under selling pressure on Wednesday after failing to extend its march further north of the 1.1080/90 band. The leg lower is accompanied by the pick-up in the sentiment surrounding the buck amidst rising trade concerns and lower yields. That said, the continuation of the bearish note could drag spot back to the key 1.1040 region, where sits the 55-day SMA. Below this important area of contention, the upside pressure is expected to alleviate. 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.
