The EUR/USD is on pace to continue Monday’s declines as the Euro softens on a rebounding Greenback. Higher timeframes have the pair rejecting from recent swing points, etching in a downside channel on H4 candles while Daily candlesticks see a constraining bearish flag forming. It’s Markit PMI day in Europe, and Euro bulls will be looking for a better-than-expected showing in Germany and for the broader EU to kickstart a recovery. EUR/USD Chart, 15-Minute Spot rate: 1.1680 Relative change: -0.06% High: 1.1701 Low: 1.1674 Trend: Bearish Support 1: 1.1641 (61.8% Fibo retracement level) Support 2: 1.1574 (previous week low) Support 3: 1.1507 (June 26th low) Resistance 1: 1.1701 (current day high) Resistance 2: 1.1750 (current week high) Resistance 3: 1.1803 (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 Leveraged funds added to JPY shorts – Nomura FX Street 5 years The EUR/USD is on pace to continue Monday's declines as the Euro softens on a rebounding Greenback. Higher timeframes have the pair rejecting from recent swing points, etching in a downside channel on H4 candles while Daily candlesticks see a constraining bearish flag forming. It's Markit PMI day in Europe, and Euro bulls will be looking for a better-than-expected showing in Germany and for the broader EU to kickstart a recovery. EUR/USD Chart, 15-Minute Spot rate: 1.1680 Relative change: -0.06% High: 1.1701 Low: 1.1674 Trend: Bearish Support 1: 1.1641 (61.8%… 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.
