The pennant breakout seen in EUR/USD’s 4-hour chart indicates the rally from the March 7 low of 1.1176 has resumed and 1.1363 (76.4% Fib R of 1.1420/1.1176) could soon come into play. As of writing, the spot is trading just below the 4H 200-candle moving average (MA) of 1.1338. The bullish case would weaken if the spot falls back into the pennant pattern. 4-hour chart Trend: Bullish 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 USD longs added, EUR shorts increased – ANZ FX Street 4 years The pennant breakout seen in EUR/USD's 4-hour chart indicates the rally from the March 7 low of 1.1176 has resumed and 1.1363 (76.4% Fib R of 1.1420/1.1176) could soon come into play. As of writing, the spot is trading just below the 4H 200-candle moving average (MA) of 1.1338. The bullish case would weaken if the spot falls back into the pennant pattern. 4-hour chart Trend: Bullish 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.
