EUR/USD broke above the 1.1700 figure and is currently trading close to its daily high near 1.1716 after testing the 1.1720 resistance. The 50 and 100-period simple moving averages are now trending up above the 200 SMA confirming the bullish bias. If EUR/USD manages to stay above 1.1700 that would be another bullish clue. As EUR/USD is approaching the key 1.1730-1.1750 area some strong resistance is to be expected, however, there is no sign of a top just yet and nothing indicates that the bullish momentum is over. EUR/USD 15-minute chart Spot rate: 1.1716 Relative change: 0.52% High: 1.1720 Low: 1.1648 Trend: Bearish / Bullish pullback / Risk of trend reversal above 1.1730-1.1750 Resistance 1: 1.1730-1.1740-1.1750 area, 23.6% Fibonacci retracement mid-April-May bear move, weekly high. Resistance 2: 1.1760-1.1795 supply levels Resistance 3: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move Support 1: 1.1700 figure Support 2: 1.1672 June 27 high Support 3: 1.1649 July 12 low Support 4: 1.1640-1.1649 key level and July 12 low Support 5: 1.1600-1.1613 figure and July 13 low Support 6: 1.1560 June 14 low Support 7: 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 GBP/USD: bulls have keen eyes for a test of the 21-D SMA FX Street 5 years EUR/USD broke above the 1.1700 figure and is currently trading close to its daily high near 1.1716 after testing the 1.1720 resistance. The 50 and 100-period simple moving averages are now trending up above the 200 SMA confirming the bullish bias. If EUR/USD manages to stay above 1.1700 that would be another bullish clue. As EUR/USD is approaching the key 1.1730-1.1750 area some strong resistance is to be expected, however, there is no sign of a top just yet and nothing indicates that the bullish momentum is over. EUR/USD 15-minute chart Spot rate: 1.1716… 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.
