EUR/USD failed to conclusively break above the 1.1700 level as bears have taken the lead in the early European session. EUR/USD broke below the bull trend line and the 50 and 100-period simple moving average on the 15-minute chart. The current move higher can be seen as a bear flag which could lead to a resumption of the bear move initiated earlier in the day. EUR/USD 15-minute chart Spot rate: 1.1680 Relative change: 0.20% High: 1.1721 Low: 1.1651 Trend: Neutral Resistance 1: 1.1700 figure Resistance 2: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move Resistance 3: 1.1800 figure Support 1: 1.1644 supply/demand level Support 2: 1.1600 figure Support 3: 1.1550 demand level 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 Gold continues trending lower, remains vulnerable FX Street 3 years EUR/USD failed to conclusively break above the 1.1700 level as bears have taken the lead in the early European session. EUR/USD broke below the bull trend line and the 50 and 100-period simple moving average on the 15-minute chart. The current move higher can be seen as a bear flag which could lead to a resumption of the bear move initiated earlier in the day. EUR/USD 15-minute chart Spot rate: 1.1680 Relative change: 0.20% High: 1.1721 Low: … Top 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.
