EUR/USD is currently having a small bullish reaction after the US Nonfarm Payrolls came in worse-than-expected at 157K versus 190K forecast while the Average Hourly Earnings in July annualized came in line at 2.7%. After finding support at 1.1562 in early Europe, EUR/USD is now attempting to keep its gains above the 1.1600 level in order to reach the 200-period simple moving average and the 1.1640 level. Buyers have a fair chance in creating a bullish reversal but they would need to break above the 200 SMA and 1.1640 in order to eliminate the risk of the bear trend resumption. Sellers are working hard in order to maintain the market below 1.1600 but as the market is trading above the 50 and 100 SMA, bulls have for the moment a slight advantage. EUR/USD 15-minute chart Spot rate: 1.1601 Relative change: 0.15% High: 1.1611 Low: 1.1561 Trend: Bearish / Bullish pullback 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: 1.1730-1.1740-1.1750 area, 23.6% Fibonacci retracement mid-April-May bear move, figure. Resistance 5: 1.1760-1.1795 supply levels Resistance 6: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move Support 1: 1.1600-1.1613 figure and July 13 low Support 2: 1.1574 July 19 low Support 3: 1.1527 June 26 low Support 4: 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 USD/CAD drops below 1.30 on disappointing NFP report FX Street 5 years EUR/USD is currently having a small bullish reaction after the US Nonfarm Payrolls came in worse-than-expected at 157K versus 190K forecast while the Average Hourly Earnings in July annualized came in line at 2.7%. After finding support at 1.1562 in early Europe, EUR/USD is now attempting to keep its gains above the 1.1600 level in order to reach the 200-period simple moving average and the 1.1640 level. Buyers have a fair chance in creating a bullish reversal but they would need to break above the 200 SMA and 1.1640 in order to eliminate the risk of the bear trend… 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.
