The pair made a bullish attempt to the 1.1675/80 region on Thursday boosted by comments by US President Trump, although it lacked of follow through and continues to grind lower. The area of 1.1670/83, where sit the 21-day SMA, the 10-day SMA and the 200-hour SMA, acted as strong resistance ahead of the more relevant 1.1720/50 band. Here is located the December 2017 low, a Fibo retracement of the April-May drop and the base of the daily cloud. The pair’s stance remains bearish following Tuesday’s bearish ‘outside day’ with the immediate target at the 1.1500 neighbourhood. The daily RSI reads 45, while a low ADX (today at 18) suggests the current trend is weak. EUR/USD hourly chart Daily high: 1.1674 Daily low: 1.1626 Support Levels S1: 1.1585 S2: 1.1528 S3: 1.1481 Resistance Levels R1: 1.1689 R2: 1.1736 R3: 1.1793 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 remains offered below 1.3363 – Commerzbank FX Street 5 years The pair made a bullish attempt to the 1.1675/80 region on Thursday boosted by comments by US President Trump, although it lacked of follow through and continues to grind lower. The area of 1.1670/83, where sit the 21-day SMA, the 10-day SMA and the 200-hour SMA, acted as strong resistance ahead of the more relevant 1.1720/50 band. Here is located the December 2017 low, a Fibo retracement of the April-May drop and the base of the daily cloud. The pair's stance remains bearish following Tuesday's bearish 'outside day' with the immediate target at the 1.1500 neighbourhood. The daily RSI reads… 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.
