EUR/USD bulls are slowing getting out of longs as EUR/USD is attempting to form lower highs and lower lows in the current bull leg started on June 28. EUR/USD has broken below 1.1700 with some reasonable momentum and the market is now consolidating above the 1.1672 June 27 high. Failure to reclaim the 1.1700 figure and the 1.1730-1.1740 area can lead to more bull capitulation and an acceleration towards 1.1600 figure. EUR/USD 15-minute chart Spot rate: 1.1677 Relative change: -0.56% High: 1.1760 Low: 1.1671 Trend: Bearish Resistance 1: 1.1700 figure Resistance 2: 1.1730-1.1740 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 EUR/USD extends slide, hits 6-day lows FX Street 3 years EUR/USD bulls are slowing getting out of longs as EUR/USD is attempting to form lower highs and lower lows in the current bull leg started on June 28. EUR/USD has broken below 1.1700 with some reasonable momentum and the market is now consolidating above the 1.1672 June 27 high. Failure to reclaim the 1.1700 figure and the 1.1730-1.1740 area can lead to more bull capitulation and an acceleration towards 1.1600 figure. EUR/USD 15-minute chart Spot rate: 1.1677 Relative change: -0.56% High: … 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.
