After EUR/USD tried to break below the 2018 lows earlier in Europe, the currency pair reversed up and broke the 1.1600 figure and Wednesday’s high. EUR/USD is trading above the hourly 50 and 100-period flat simple moving average (SMA) suggesting the bear momentum has slowed down. Euro bulls will need to break out above the current week’s high at 1.1645 in order to potentially reach the 1.1730 key level. A failure to break above 1.1645 could lead to a rotation down towards 1.1575, the SMA confluence on the 15-minute chart. EUR/USD 15-minute chart Spot rate: 1.1617 Relative change: 0.40% High: 1.1634 Low: 1.1508 Trend: Neutral Resistance 1: 1.1645 current week’s high Resistance 2: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move Resistance 3: 1.1800 figure Support 1: 1.1600 figure Support 2: 1.1575 SMA confluence 15-min chart Support 3: 1.1508, current 2018 low 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 GBP/USD Technical Analysis: Cable consolidating 160-pip bull breakout below 1.3250 FX Street 3 years After EUR/USD tried to break below the 2018 lows earlier in Europe, the currency pair reversed up and broke the 1.1600 figure and Wednesday's high. EUR/USD is trading above the hourly 50 and 100-period flat simple moving average (SMA) suggesting the bear momentum has slowed down. Euro bulls will need to break out above the current week's high at 1.1645 in order to potentially reach the 1.1730 key level. A failure to break above 1.1645 could lead to a rotation down towards 1.1575, the SMA confluence on the 15-minute chart. EUR/USD 15-minute chart Spot rate: … 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.
