EUR/USD is currently consolidating just below the 1.1640-1.1649 area, key level and July 12 low as the market rebounded from the lower trendline of the channel. EUR/USD dropped about 60 pips from Asia and is now in a 50% consolidation from daily high to low. EUR/USD bear momentum remains in place as the market is trending below its 50, 100 and 200-period simple moving average and the market is printing lower highs and lower lows. Bears want to keep the market below 1.1700 and the next scaling points to the downside are seen near the 1.1600 figure and 1.1560 June 14 low. EUR/USD 15-minute chart Spot rate: 1.1638 Relative change: -0.28% High: 1.1676 Low: 1.1613 Trend: Bearish Resistance 1: 1.1640-1.1649 area, key level and July 12 low Resistance 2: 1.1672 June 27 high Resistance 3: 1.1700 figure Resistance 4: 1.1720-1.1730-1.1740 area, June 26 high, 23.6% Fibonacci retracement from mid-April-May bear move and weekly open. Resistance 5: 1.1775 supply level Resistance 6: 1.1800 figure Resistance 7: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move Support 1: 1.1600 figure Support 2: 1.1560 June 14 low Support 3: 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 Canada: Economy continues to operate close to its capacity – Westpac FX Street 5 years EUR/USD is currently consolidating just below the 1.1640-1.1649 area, key level and July 12 low as the market rebounded from the lower trendline of the channel. EUR/USD dropped about 60 pips from Asia and is now in a 50% consolidation from daily high to low. EUR/USD bear momentum remains in place as the market is trending below its 50, 100 and 200-period simple moving average and the market is printing lower highs and lower lows. Bears want to keep the market below 1.1700 and the next scaling points to the downside are seen near the 1.1600 figure and… 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.
