EUR/USD bulls are still hanging above the 1.1700 figure as the market has been ranging for the last 10 hours. EUR/USD is currently capped by a daily trendline and the daily 50-period simple moving average. The line in the sand seems to be the 1.1730-1.1740 area. A breakout above the level can lead to an acceleration to 1.1790 and potentially open to gates to 1.1851-1.1854 area. However, if the market remains contained below 1.1730-1.1740 area, the potential bull trap can lead to a rotation lower to 1.1672 and 1.1640-1.1649 area. EUR/USD 15-minute chart Spot rate: 1.1710 Relative change: 0.23% High: 1.1726 Low: 1.1675 Trend: Neutral Resistance 1: 1.1730-1.1740 area, 23.6% Fibonacci retracement from mid-April-May bear move and last week’s open. Resistance 2: 1.1790 last week’s high Resistance 3: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move Support 1: 1.1700 figure Support 2: 1.1672 June 27 high Support 3: 1.1640-1.1649 area, key level and July 12 low Support 4: 1.1613 current weekly low Support 5: 1.1600 figure Support 6: 1.1560 June 14 low Support 7: 1.1508 current 2018 low EUR/USD daily chart 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 Asia open: market sentiment was mixed overnight – TDS FX Street 5 years EUR/USD bulls are still hanging above the 1.1700 figure as the market has been ranging for the last 10 hours. EUR/USD is currently capped by a daily trendline and the daily 50-period simple moving average. The line in the sand seems to be the 1.1730-1.1740 area. A breakout above the level can lead to an acceleration to 1.1790 and potentially open to gates to 1.1851-1.1854 area. However, if the market remains contained below 1.1730-1.1740 area, the potential bull trap can lead to a rotation lower to 1.1672 and 1.1640-1.1649 area. EUR/USD 15-minute chart Spot rate: … 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.
