Spot keeps the rangebound theme unchanged on Thursday, although it has gathered extra pace in past hours following a sell off in the greenback. Yesterday’s up move left behind the base of the daily cloud and the initial hurdle at the 1.1720 area and is now refocused on the mid-1.1700s, where sit recent peaks and the short-term resistance line off June’s peak at 1.1853. On the downside, the initial resistance is now at the base of the cloud and is reinforced by the 21-day SMA at 1.1685. A break below this area should allow for an initial test of 1.1575 seconded by 1.1530 and the 1.1500 neighbourhood. EUR/USD daily chart Daily high: 1.1744 Daily low: 1.1721 Support Levels S1: 1.1682 S2: 1.1635 S3: 1.1606 Resistance Levels R1: 1.1757 R2: 1.1786 R3: 1.1833 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 South Korea speeds up the adoption of crypto regulation; market reaction is muted so far FX Street 5 years Spot keeps the rangebound theme unchanged on Thursday, although it has gathered extra pace in past hours following a sell off in the greenback. Yesterday's up move left behind the base of the daily cloud and the initial hurdle at the 1.1720 area and is now refocused on the mid-1.1700s, where sit recent peaks and the short-term resistance line off June's peak at 1.1853. On the downside, the initial resistance is now at the base of the cloud and is reinforced by the 21-day SMA at 1.1685. A break below this area should allow for an initial test of 1.1575… 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.
