EUR/USD fell about 82 pips from daily high to low exceeding its average daily range of 74 pips. EUR/USD is consolidating the bearish move seen earlier in the day as it now trading just above the 1.1600 figure. EUR/USD bears objective is to push prices back below the 1.1600 figure while bulls are attempting to create a bullish reversal. EUR/USD is trading below its 50, 100 and 200-period simple moving averages suggesting bulls will need quite a lot of conviction to push through the dynamics resistances. However, failure to recapture 1.1600 would be seen as a sign of strength for bulls. EUR/USD 15-minute chart Spot rate: 1.1606 Relative change: -0.27% High: 1.1657 Low: 1.1574 Trend: Bearish / bullish correction Resistance 1: 1.1600-1.1613 figure and last week’s low Resistance 2 1.1640-1.1649 area, key level and July 12 low Resistance 3: 1.1672 June 27 high Resistance 4: 1.1700 figure Resistance 5: 1.1730-1.1740 area, 23.6% Fibonacci retracement from mid-April-May bear move and last week’s open. Resistance 6: 1.1790 last week’s high Resistance 7: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move Support 1: 1.1560 June 14 low Support 2: 1.1508 current 2018 low Support 3: 1.1400 figure 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 EUR/GBP bulls firmly in charge, despite BoE prospects, Brexit concerns eating up the pound FX Street 5 years EUR/USD fell about 82 pips from daily high to low exceeding its average daily range of 74 pips. EUR/USD is consolidating the bearish move seen earlier in the day as it now trading just above the 1.1600 figure. EUR/USD bears objective is to push prices back below the 1.1600 figure while bulls are attempting to create a bullish reversal. EUR/USD is trading below its 50, 100 and 200-period simple moving averages suggesting bulls will need quite a lot of conviction to push through the dynamics resistances. However, failure to recapture 1.1600 would be seen as a sign of strength for… 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.
