EUR/USD is starting to breakdown below the 1.1700 figure and the 200-period simple moving avearge but without much momentum just yet. The 1.1700 level should act as resistance as the bears will try to breakout below 1.1672 to target the 1.1640-1.1649 area, key level and July 12 low. Fed’s Powell speech was mainly bullish for USD. Powell Quick Analysis: bullish on jobs, bullish on inflation, dodging trade, more USD gains? EUR/USD 15-minute chart Spot rate: 1.1687 Relative change: -0.21% High: 1.1745 Low: 1.1680 Trend: Bearish Resistance 1: 1.1700 figure Resistance 2: 1.1730-1.1740 area, 23.6% Fibonacci retracement from mid-April-May bear move and last week’s open. Resistance 3: 1.1790 last week’s high Resistance 4: 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: 1.1640-1.1649 area, key level and July 12 low Support 3: 1.1613 current weekly low Support 4: 1.1600 figure Support 5: 1.1560 June 14 low Support 6: 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 WTI struggles to recover yesterday’s losses, remains in tight range near $67 FX Street 5 years EUR/USD is starting to breakdown below the 1.1700 figure and the 200-period simple moving avearge but without much momentum just yet. The 1.1700 level should act as resistance as the bears will try to breakout below 1.1672 to target the 1.1640-1.1649 area, key level and July 12 low. Fed's Powell speech was mainly bullish for USD. Powell Quick Analysis: bullish on jobs, bullish on inflation, dodging trade, more USD gains? EUR/USD 15-minute chart Spot rate: 1.1687 Relative change: -0.21% High: … 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.
