Hourly indicators are leaning overbought, short traders are primed for an entry if market sentiment continues to head south after the weekend’s trade war developments. German IFO survey results could edge out the short side if results are positive. The Euro’s double-bottom on larger timeframes is beginning to firm up. EUR/USD Chart, 1-Hour Spot rate: 1.1653 Relative change: -0.06% High: 1.1672 Low: 1.1646 Trend: Bullish Support 1: 1.1630 (50-hour EMA) Support 2: 1.1571 (61.8% 1-week Fibo level) Support 3: 1.1508 (one week low) Resistance 1: 1.1675 (previous week high) Resistance 2: 1.1720 (R2 daily pivot) Resistance 3: 1.1851 (one month high) 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 EU Commission Vice President calls on China to ease market access – Reuters FX Street 3 years Hourly indicators are leaning overbought, short traders are primed for an entry if market sentiment continues to head south after the weekend's trade war developments. German IFO survey results could edge out the short side if results are positive. The Euro's double-bottom on larger timeframes is beginning to firm up. EUR/USD Chart, 1-Hour Spot rate: 1.1653 Relative change: -0.06% High: 1.1672 Low: 1.1646 Trend: Bullish Support 1: 1.1630 (50-hour EMA) Support 2: 1.1571 (61.8% 1-week Fibo level) Support 3: 1.1508 (one week low) Resistance 1: 1.1675… 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.
