EUR/USD reached a new weekly low as it broke below the 1.1600 figure. EUR/USD is now less than 20 pips away from the 1.1574 support, July 19 low. A bear breakout below the level can lead to an acceleration towards 1.1527 June 26 low and 1.1508, the current 2018 low. This is the strongest decline since early June suggesting decent bearish momentum. However, bulls will try hard to support the market at the 1.1574 level in order to prevent sellers to resume the bear trend. The market will pay close attention to the US Nonfarm Payrolls and the Average Hourly Earnings this Friday at 12:30 GMT. The news can potentially greatly impact USD-denominated currency pairs. EUR/USD 15-minute chart Spot rate: 1.1595 Relative change: -0.55% High: 1.1668 Low: 1.1584 Trend: Bearish Resistance 1 1.1600-1.1613 figure and July 13 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: 1.1730-1.1740-1.1750 area, 23.6% Fibonacci retracement mid-April-May bear move, figure. Resistance 6: 1.1760-1.1795 supply levels Resistance 7: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move Support 1: 1.1574 July 19 low Support 2: 1.1527 June 26 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 Mexico: Banxico keeps rates unchanged and likely to continues on hold – TDS FX Street 5 years EUR/USD reached a new weekly low as it broke below the 1.1600 figure. EUR/USD is now less than 20 pips away from the 1.1574 support, July 19 low. A bear breakout below the level can lead to an acceleration towards 1.1527 June 26 low and 1.1508, the current 2018 low. This is the strongest decline since early June suggesting decent bearish momentum. However, bulls will try hard to support the market at the 1.1574 level in order to prevent sellers to resume the bear trend. The market will pay close attention to the US Nonfarm Payrolls and the Average… 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.
