EUR/USD extends its post-Fed slid to fresh multi-month low. Oversold RSI, 9-month old support-line may trigger the quote’s pullback. EUR/USD extends its south-run to fresh low since May 2017 as it trades near 1.1058 during the Asian session on Thursday. The pair now aims for 9-month old descending trend-line, at 1.1048, during further declines amid oversold levels of 14-day relative strength index. Should prices refrain from respecting medium-term support and oversold RSI conditions, early May-2017 high near 1.1020 can offer an intermediate halt prior to pleasing the bears with 1.0950 and 1.0850 supports. Alternatively, 1.1100 and a previous-day high near 1.1162 may keep limiting the pair’s upside ahead of 21-day exponential moving average (EMA) level of 1.1182. EUR/USD daily chart Trend: Pullback expected 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 USD/JPY prints 9-week high above 109.00 on not-so-dovish Fed FX Street 4 years EUR/USD extends its post-Fed slid to fresh multi-month low. Oversold RSI, 9-month old support-line may trigger the quote's pullback. EUR/USD extends its south-run to fresh low since May 2017 as it trades near 1.1058 during the Asian session on Thursday. The pair now aims for 9-month old descending trend-line, at 1.1048, during further declines amid oversold levels of 14-day relative strength index. Should prices refrain from respecting medium-term support and oversold RSI conditions, early May-2017 high near 1.1020 can offer an intermediate halt prior to pleasing the bears with 1.0950 and 1.0850 supports. Alternatively, 1.1100 and a previous-day high near… 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.
