Hourly indicators are drifting higher but bullish movement remains limited; an extension of Tuesday’s bearish retracement could follow a successful rollover. Early Wednesday action is challenging current support levels established early in the week. Broader market sentiment remains constrained, piling onto a bearish bias for risk assets like the Euro. EUR/USD Chart, 1-Hour Spot rate: 1.1646 Relative change: Negligible High: 1.1664 Low: 1.1639 Trend: Bearish Support 1: 1.1628 (current week low) Support 2: 1.1589 (61.8% weekly Fibo level) Support 3: 1.1508 (previous week low) Resistance 1: 1.1720 (current week high) Resistance 2: 1.1754 (R2 daily pivot) Resistance 3: 1.1787 (R3 daily pivot) 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 Germany’s SPD Leader Nahles: ‘We have a very tense situation in the coalition’ FX Street 3 years Hourly indicators are drifting higher but bullish movement remains limited; an extension of Tuesday's bearish retracement could follow a successful rollover. Early Wednesday action is challenging current support levels established early in the week. Broader market sentiment remains constrained, piling onto a bearish bias for risk assets like the Euro. EUR/USD Chart, 1-Hour Spot rate: 1.1646 Relative change: Negligible High: 1.1664 Low: 1.1639 Trend: Bearish Support 1: 1.1628 (current week low) Support 2: 1.1589 (61.8% weekly Fibo level) Support 3: 1.1508 (previous week low) Resistance… 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.
