“¢ The pair’s intraday positive momentum faced rejection near 100-hour SMA, though bulls have managed to stick to modest daily gains just above mid-1.1300s. “¢ Technical indicators on 4-hourly/daily charts haven’t been able to gain any positive traction and have already started losing positive momentum on the 1-hourly chart. “¢ However, the recent price action between two converging trend-lines, over the past one week or so, constituted towards the formation of a bullish falling wedge chart pattern. “¢ Hence, it would be prudent to wait for a convincing breakthrough the mentioned trading range before traders start positioning for the pair’s next leg of directional move. EUR/USD 1-hourly chart EUR/USD Overview: Today Last Price: 1.1366 Today Daily change: 36 pips Today Daily change %: 0.318% Today Daily Open: 1.133 Trends: Previous Daily SMA20: 1.1366 Previous Daily SMA50: 1.1488 Previous Daily SMA100: 1.1548 Previous Daily SMA200: 1.1791 Levels: Previous Daily High: 1.1422 Previous Daily Low: 1.1328 Previous Weekly High: 1.1473 Previous Weekly Low: 1.1328 Previous Monthly High: 1.1625 Previous Monthly Low: 1.1302 Previous Daily Fibonacci 38.2%: 1.1364 Previous Daily Fibonacci 61.8%: 1.1386 Previous Daily Pivot Point S1: 1.1298 Previous Daily Pivot Point S2: 1.1266 Previous Daily Pivot Point S3: 1.1204 Previous Daily Pivot Point R1: 1.1392 Previous Daily Pivot Point R2: 1.1454 Previous Daily Pivot Point R3: 1.1487 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 Bitcoin Cash Technical Analysis: BCH/USD jumps over 8%, as bulls capitalize on the technical set up FX Street 4 years "¢ The pair's intraday positive momentum faced rejection near 100-hour SMA, though bulls have managed to stick to modest daily gains just above mid-1.1300s. "¢ Technical indicators on 4-hourly/daily charts haven't been able to gain any positive traction and have already started losing positive momentum on the 1-hourly chart. "¢ However, the recent price action between two converging trend-lines, over the past one week or so, constituted towards the formation of a bullish falling wedge chart pattern. "¢ Hence, it would be prudent to wait for a convincing breakthrough the mentioned trading… 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.
