Euro drooping ahead of Germany, EU Markit PMIs and US NFP mega event. EUR technical recovery is facing challenges from recent highs, short-term indicators heading south. Teetering risk sentiment sees week’s end volatility to pick up on trade tensions, US trade tariffs draw vehement responses. EUR/USD chart, 1-Hour Spot rate: 1.1673 Relative change: Day’s high: 1.1706 Day’s low: 1.1665 Trend: Bearish Support 1: 1.1663 (50-hour exponential moving average) Support 2: 1.1589 (161.8% 1-Day Fibonacci level) Support 3: 1.1509 (week’s low) Resistance 1: 1.1724 (last swing high, previous resistance, week’s high) Resistance 2: 1.1770 (1-Week R1 pivot) Resistance 3: 1.1829 (May 22nd peak) 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 Ripple price analysis: XRP/USD idling above $0.60, waiting for positive effect from Ripple’s re-branding initiative FX Street 5 years Euro drooping ahead of Germany, EU Markit PMIs and US NFP mega event. EUR technical recovery is facing challenges from recent highs, short-term indicators heading south. Teetering risk sentiment sees week's end volatility to pick up on trade tensions, US trade tariffs draw vehement responses. EUR/USD chart, 1-Hour Spot rate: 1.1673 Relative change: Day's high: 1.1706 Day's low: 1.1665 Trend: Bearish Support 1: 1.1663 (50-hour exponential moving average) Support 2: 1.1589 (161.8% 1-Day Fibonacci level) Support 3: 1.1509 (week's low) Resistance 1: 1.1724 (last swing high, previous resistance, week's high) Resistance 2: 1.1770 (1-Week R1 pivot) Resistance 3: 1.1829… 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.
