“¢ The pair extended this week’s rejection slide from a short-term ascending trend-channel resistance and was further weighed down by resurgent USD demand. “¢ Bulls now seemed struggling to defend the trend-channel support, which if broken decisively might negate prospects for any further up-move. “¢ The latest headlines about the ECB policymakers’ split on the timing of the first rate hike lifts the shared currency and helps the pair to recover around 30-40 pips from session lows. EUR/USD 4-hourly chart Spot Rate: 1.1723 Daily High: 1.1746 Daily Low: 1.1695 Trend: Bearish only below trend-channel support Resistance R1: 1.1746 (current day swing high) R2: 1.1800 (round figure mark) R3: 1.1848 (R3 daily pivot-point) Support S1: 1.1702 (S1 daily pivot-point) S2: 1.1690 (overnight swing low) S3: 1.1656 (100-period SMA H4) 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 US: Annual core-PPI rises to 2.8% (vs. 2.6% exp) in June from to 2.4% in May FX Street 3 years "¢ The pair extended this week's rejection slide from a short-term ascending trend-channel resistance and was further weighed down by resurgent USD demand. "¢ Bulls now seemed struggling to defend the trend-channel support, which if broken decisively might negate prospects for any further up-move. "¢ The latest headlines about the ECB policymakers' split on the timing of the first rate hike lifts the shared currency and helps the pair to recover around 30-40 pips from session lows. EUR/USD 4-hourly chart Spot Rate: 1.1723 Daily High: 1.1746 Daily Low: 1.1695 Trend: Bearish only below trend-channel… Top 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.
