EUR/USD has lost about 40 pips from daily highs in tandem with GBP/USD as British Foreign Secretary Boris Johnson resigns. The fall in EUR/USD coincides with broad-based USD strength. Whether it can be sustained in the long run remains to be seen but bears are trying hard to prevent EUR/USD from rising above 1.1800 level. A bear breakout below 1.1740, open of the week, can lead to buyers capitulation and more down while if 1.1740 remains supported higher prices can be on the cards. EUR/USD 15-minute chart Spot rate: 1.1758 Relative change: 0.12% High: 1.1791 Low: 1.1740 Trend: Bullish Resistance 1: 1.1800 figure Resistance 2: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move Resistance 3: 1.1900 figure Support 1: 1.1740-1.1774 area, open of the week and intraday demand level. Support 2 1.1700-1.1730, figure and 23.6% Fibonacci retracement from mid-April-May bear move Support 3: 1.1672 June 27 high Support 4: 1.1640 supply/demand level Support 5: 1.1600 figure Support 6: 1.1560 June 14 low Support 7: 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 UK PM May: What we are proposing is challenging for the EU FX Street 3 years EUR/USD has lost about 40 pips from daily highs in tandem with GBP/USD as British Foreign Secretary Boris Johnson resigns. The fall in EUR/USD coincides with broad-based USD strength. Whether it can be sustained in the long run remains to be seen but bears are trying hard to prevent EUR/USD from rising above 1.1800 level. A bear breakout below 1.1740, open of the week, can lead to buyers capitulation and more down while if 1.1740 remains supported higher prices can be on the cards. EUR/USD 15-minute chart Spot rate: 1.1758 Relative change:… 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.
