EUR/USD main bear trend is transitioning to bullish as EUR/USD is trading above its 100-day simple moving average. EUR/USD found support at the 1.1723 support and rebounded above 1.1750. EUR/USD is trading well above its 50, 100 and 200-period simple moving averages. EUR/USD is also supported by the bull trendline (green). Upside targets are located near 1.1800 and 1.1853 (June 14 high). The bullish bias remains in place ahead of the FOMC this Wednesday at 18:00 GMT. However, the event can lead to high volatility on the currency pair. EUR/USD 4-hour chart Spot rate: 1.1768 Relative change: 0% High: 1.1776 Low: 1.1725 Main trend: Bullish Resistance 1: 1.1750 key resistance (July) Resistance 2: 1.1800 figure Resistance 3: 1.1853 June 14 highResistance 4: 1.1900 figure Support 1: 1.1723 September 24 low Support 2: 1.1654 August 27 high Support 3: 1.1630 August 8 high key level Support 4: 1.1600 figure Support 5: 1.1572 July 19 low Support 6: 1.1542 supply/demand level Support 7: 1.1530 August 23 swing low Support 8: 1.1508 June 8 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 Breaking News: USD slides on the Fed’s hike FX Street 4 years EUR/USD main bear trend is transitioning to bullish as EUR/USD is trading above its 100-day simple moving average. EUR/USD found support at the 1.1723 support and rebounded above 1.1750. EUR/USD is trading well above its 50, 100 and 200-period simple moving averages. EUR/USD is also supported by the bull trendline (green). Upside targets are located near 1.1800 and 1.1853 (June 14 high). The bullish bias remains in place ahead of the FOMC this Wednesday at 18:00 GMT. However, the event can lead to high volatility on the currency pair. EUR/USD 4-hour chart Spot rate: … 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.
