“¢ The pair continued with its struggle to make it through the 1.1250-60 supply zone and has now dropped to the lower end of a short-term ascending trend-channel formation on the 1-hourly chart. “¢ Given the recent slide from the 1.1325-30 hurdle, the mentioned channel constituted towards the formation of a bearish continuation flag chart pattern and points to further near-term downside. “¢ Technical indicators on hourly/daily charts remained in the negative territory and add credence to the bearish set-up, though traders are likely to wait for a confirmation before placing aggressive bets. “¢ Below the pattern support, the pair is likely to accelerate the slide towards the 1.1200 handle en-route YTD lows, around the 1.1185-75 region before eventually dropping to test the 1.1100 mark. EUR/USD 1-hourly chart 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 Canada: Wholesale sales increased 0.3% in February vs. 0.1% expected FX Street 4 years "¢ The pair continued with its struggle to make it through the 1.1250-60 supply zone and has now dropped to the lower end of a short-term ascending trend-channel formation on the 1-hourly chart. "¢ Given the recent slide from the 1.1325-30 hurdle, the mentioned channel constituted towards the formation of a bearish continuation flag chart pattern and points to further near-term downside. "¢ Technical indicators on hourly/daily charts remained in the negative territory and add credence to the bearish set-up, though traders are likely to wait for a confirmation before placing aggressive bets. … 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.
