EUR/USD is currently erasing all weekly losses as Euro bulls are trying to finish the week on a positive note. EUR/USD has currently regained the 1.1700 level as it is now trading above its main simple moving averages. Bulls this week made quite a statement by yet again reversing the losses seen earlier in the week. A breakout above 1.1730-1.1740 would be seen as an extra-confirmation that a longer-term bull trend might be just around the corner in the coming weeks. In the short-term, supports are likely located near 1.1672 and 1.1640-1.1649 area. A bear breakout below 1.1640-1.1649 area would be seen as a negative for bulls and would lead to a resumption of the bear trend. EUR/USD 15-minute chart Spot rate: 1.1710 Relative change: 0.60% High: 1.1715 Low: 1.1626 Trend: Bullish Resistance 1: 1.1700 figure Resistance 2: 1.1730-1.1740 area, 23.6% Fibonacci retracement from mid-April-May bear move and last week’s open. Resistance 3: 1.1790 last week’s high Resistance 4: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move Support 1: 1.1672 June 27 high Support 2: 1.1640-1.1649 area, key level and July 12 low Support 3: 1.1600-1.1613 figure and last week’s low Support 4: 1.1560 June 14 low Support 5: 1.1508 current 2018 low Support 6: 1.1400 figure 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 EUR/USD surges through 1.1700 handle on Trump’s comments FX Street 5 years EUR/USD is currently erasing all weekly losses as Euro bulls are trying to finish the week on a positive note. EUR/USD has currently regained the 1.1700 level as it is now trading above its main simple moving averages. Bulls this week made quite a statement by yet again reversing the losses seen earlier in the week. A breakout above 1.1730-1.1740 would be seen as an extra-confirmation that a longer-term bull trend might be just around the corner in the coming weeks. In the short-term, supports are likely located near 1.1672 and 1.1640-1.1649 area. A bear breakout below 1.1640-1.1649… 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.
