EUR/USD started the week with a 64-pip move down from current daily high to low. EUR/USD found buying interest near the 1.1700 figure and is now trading above the level. As the American session started, investors are debating whether to continue the main bearish trend on EUR/USD by breaking below 1.1672-1.1700 area; or attempting a reversal up by first breaking 1.1730-1.1740 area in order to first reach 1.1760-1.1795 area. Although the main trend is bearish, bullish pressure is mounting and a failure for bears to regain 1.1672-1.1700 can leave to room open to further advance towards the 1.1730-1.1740 area and beyond. At the time of writing, the bulls have a slight advantage while above 1.1672-1.1700. EUR/USD 15-minute chart Spot rate: 1.1720 Relative change: -0.02% High: 1.1751 Low: 1.1686 Trend: Bearish / Bullish reversal attempt Resistance 1: 1.1730-1.1740 area, 23.6% Fibonacci retracement from mid-April-May bear move and last week’s open. Resistance 2: 1.1760-1.1795 supply level Resistance 3: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move Support 1: 1.1672-1.1700 June 27 high and figure Support 2: 1.1640-1.1649 area, key level and July 12 low Support 3: 1.1600-1.1613 figure and last week’s low Support 4: 1.1560 June 14 low Support 5: 1.1508 current 2018 low Support 6: 1.1400 figure 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 price analysis: BCH/USD reignites the fire, jumps 3.72% on a daily basis FX Street 5 years EUR/USD started the week with a 64-pip move down from current daily high to low. EUR/USD found buying interest near the 1.1700 figure and is now trading above the level. As the American session started, investors are debating whether to continue the main bearish trend on EUR/USD by breaking below 1.1672-1.1700 area; or attempting a reversal up by first breaking 1.1730-1.1740 area in order to first reach 1.1760-1.1795 area. Although the main trend is bearish, bullish pressure is mounting and a failure for bears to regain 1.1672-1.1700 can leave to room open to further advance towards the 1.1730-1.1740… 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.
