EUR/USD is having a 30-pip boost from daily lows after the US Consumer Price Index (CPI) came in line with expectations at 2.3% in June. At the time of writing the bull breakout seems to be short-lived as the market is rejecting the 100-period simple moving average. However the picture remains unclear just after the news release as market participants are repositioning themselves. Technicals suggest a continuation of the drift lower as long as the market stays below 1.1700. Earlier in Europe, the European Central Bank minutes sounded rather dovish weighing on the Euro. EUR/USD 15-minute chart Spot rate: 1.1673 Relative change: 0.02% High: 1.1694 Low: 1.1649 Trend: Bearish Resistance 1: 1.1700 figure Resistance 2: 1.1730-1.1740 23.6% Fibonacci retracement from mid-April-May bear move and weekly open. Resistance 3: 1.1775 supply level Resistance 4: 1.1800 figure Resistance 5: 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 supply/demand level Support 3: 1.1600 figure Support 4: 1.1560 June 14 low Support 5: 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 US Dollar retreats from tops, back to 94.70 FX Street 5 years EUR/USD is having a 30-pip boost from daily lows after the US Consumer Price Index (CPI) came in line with expectations at 2.3% in June. At the time of writing the bull breakout seems to be short-lived as the market is rejecting the 100-period simple moving average. However the picture remains unclear just after the news release as market participants are repositioning themselves. Technicals suggest a continuation of the drift lower as long as the market stays below 1.1700. Earlier in Europe, the European Central Bank minutes sounded rather dovish weighing on the Euro. EUR/USD 15-minute chart … 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.
