EUR/USD extends a breakdown of a weeklong rising trend line. November 11 high, 1.1016/15 could appear next on the sellers’ radar. 61.8% Fibonacci retracement adds to the resistance. With its failure to cross a fortnight-long horizontal resistance area, EUR/USD declines to 1.1075 while heading into the European session on Wednesday. The quote now aims to revisit November 11 high around 1.1045 ahead of revisiting the 1.1016/15 multiple support zone. If prices refrain from bouncing off 1.1015, the monthly low near 1.0990 will be on their radars prior to October bottom of 1.0880. On the upside break of the 1.1090/95 resistance area, buyers need to conquer the weeklong support-turned-resistance around 1.1100 while 61.8% Fibonacci retracement level of the current month downside, at 1.1105 could question the bulls afterward. In a case of pair’s successful rise beyond 1.1105, 1.1140 and monthly top close to 1.1180 will come back on the chart EUR/USD 4-hour chart Trend: Bearish 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 price update: BCH/USD breaks the two-days losing streak as focus shifts to $278 FX Street 3 years EUR/USD extends a breakdown of a weeklong rising trend line. November 11 high, 1.1016/15 could appear next on the sellers' radar. 61.8% Fibonacci retracement adds to the resistance. With its failure to cross a fortnight-long horizontal resistance area, EUR/USD declines to 1.1075 while heading into the European session on Wednesday. The quote now aims to revisit November 11 high around 1.1045 ahead of revisiting the 1.1016/15 multiple support zone. If prices refrain from bouncing off 1.1015, the monthly low near 1.0990 will be on their radars prior to October bottom of 1.0880. On the upside break of the 1.1090/95 resistance… 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.
