EUR/USD is having a small pullback just below the 1.1700 level. The strength of the pullback is rather weak suggesting that bulls will need more in order to break through the level. In addition, EUR/USD bulls would need to break above the trendline and the 200-period simple moving average if they want to extend the current bullish reversal attempt. To the downside, the line in the sand for bears is the 1.1640, a break below the level would likely see an acceleration towards 1.1600. On the flip side, a strong breakout above 1.1700 can see a retest of the 1.1720-1.1730-1.1740 area, with the June 26 high, the 23.6% Fibonacci retracement from mid-April-May bear move and the weekly open, which is quite a lot of resistance to go through. A breakout above this area would be considered negative for bears. EUR/USD 15-minute chart Spot rate: 1.1685 Relative change: 0.10% High: 1.1696 Low: 1.1649 Trend: Bearish Resistance 1: 1.1700 figure Resistance 2: 1.1720-1.1730-1.1740 area, June 26 high, 23.6% Fibonacci retracement from mid-April-May bear move and weekly open. Resistance 3: 1.1775 supply level Resistance 4: 1.1800 figure Resistance 5: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move Support 1: 1.1672 June 27 high Support 2: 1.1640 supply/demand level Support 3: 1.1600 figure Support 4: 1.1560 June 14 low Support 5: 1.1508 current 2018 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 Bitcoin Cash Technical Analysis: BCH/USD steadies below $700, downside looks vulnerable FX Street 5 years EUR/USD is having a small pullback just below the 1.1700 level. The strength of the pullback is rather weak suggesting that bulls will need more in order to break through the level. In addition, EUR/USD bulls would need to break above the trendline and the 200-period simple moving average if they want to extend the current bullish reversal attempt. To the downside, the line in the sand for bears is the 1.1640, a break below the level would likely see an acceleration towards 1.1600. On the flip side, a strong breakout above 1.1700 can see a retest of… 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.
