The euro lost a hundred pips during the last 24 hours, falling under a short-term uptrend line and also below the lower limit of the recent range (1.1720). The EUR/USD pair broke key support levels today and currently is trading around the 20-day moving average. The Momentum indicator in the daily chart is moving south and the price is testing the 20-SMA: a close significantly below would be a bearish signal. Ahead of the Asian session, the negative tone remains intact and testing the 1.1650. Below that level, a slide to the next support at 1.1630 seems likely. A recovery above 1.1700 could ease the bearish pressure. EUR/USD 15-minute chart Daily high: 1.1756 Daily low: 1.1652 Support Levels S1: 1.1650 S2: 1.1630 S3: 1.1615 Resistance Levels R1: 1.1675 R2: 1.1695 R3: 1.1725 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 heads for lowest close in a month FX Street 4 years The euro lost a hundred pips during the last 24 hours, falling under a short-term uptrend line and also below the lower limit of the recent range (1.1720). The EUR/USD pair broke key support levels today and currently is trading around the 20-day moving average. The Momentum indicator in the daily chart is moving south and the price is testing the 20-SMA: a close significantly below would be a bearish signal. Ahead of the Asian session, the negative tone remains intact and testing the 1.1650. Below that level, a slide to the next support at 1.1630 seems likely.… 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.
