EUR/USD bears are keeping the pressure on the single currency. EUR/USD is trading below its 50, 100 and 200-period simple moving average as the market is consolidating the recent losses near the 1.1600 level. In this context, EUR/USD is set to decline further and test 1.1530. However, a breakout above 1.1630 might lead to a bullish reversal. EUR/USD 4-hour chart Spot rate: 1.1620 Relative change: -0.13% High: 1.1625 Low: 1.1573 Main trend: Bullish Short-term trend: Bearish below 1.1630 Resistance 1: 1.1630 August 8 high key level Resistance 2: 1.1654 August 27 high Resistance 3: 1.1723 September 24 low Resistance 4: 1.1750 key level (July) Resistance 5: 1.1800 figure Resistance 6: 1.1853 June 14 high Resistance 7: 1.1900 figure Support 1: 1.1600 figure Support 2: 1.1572 July 19 low Support 3: 1.1542 supply/demand level Support 4: 1.1530 August 23 swing low Support 5: 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 Trump to hold a news conference at 1500 GMT FX Street 4 years EUR/USD bears are keeping the pressure on the single currency. EUR/USD is trading below its 50, 100 and 200-period simple moving average as the market is consolidating the recent losses near the 1.1600 level. In this context, EUR/USD is set to decline further and test 1.1530. However, a breakout above 1.1630 might lead to a bullish reversal. EUR/USD 4-hour chart Spot rate: 1.1620 Relative change: -0.13% High: 1.1625 Low: 1.1573 Main trend:… 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.
