“¢ Tumbles closer to YTD lows reached in May, albeit managed to rebound a bit back above mid-1.1500s. “¢ A convincing break below recent lows should pave the way for another leg of decline to the 1.1450-55 region. “¢ The mentioned support marks 50% Fibonacci retracement level of the up-move from December 2016 to multi-year highs touched earlier this year. “¢ A sustained recovery back above the 1.1600 handle might negate any bearish outlook and trigger a short-covering bounce in the near-term. EUR/USD daily chart Current Price: 1.1569 Daily High: 1.1645 Daily Low: 1.1531 Trend: Bearish below 1.1510 level Resistance R1: 1.1600 (round figure mark) R2: 1.1620 (horizontal zone) R3: 1.1645 (current day swing high) Support S1: 1.1510 (multi-month lows set on May 29) S2: 1.1479 (July 20, 2017 swing low) S3: 1.1450 (50% Fibo. Retracement level) 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 GBP/USD consolidates daily losses below 1.32 FX Street 3 years "¢ Tumbles closer to YTD lows reached in May, albeit managed to rebound a bit back above mid-1.1500s. "¢ A convincing break below recent lows should pave the way for another leg of decline to the 1.1450-55 region. "¢ The mentioned support marks 50% Fibonacci retracement level of the up-move from December 2016 to multi-year highs touched earlier this year. "¢ A sustained recovery back above the 1.1600 handle might negate any bearish outlook and trigger a short-covering bounce in the near-term. EUR/USD daily chart Current Price: 1.1569 Daily High: 1.1645… 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.
