The EUR/USD couldn’t find the momentum to break higher upwards following the US Federal Reserve’s 25 basis point hike on Wednesday, and the Euro remains trapped near 1.1750 as the week’s sideways range continues, with the pair’s swing lows regularly testing below 1.1730 with little follow-through. The current swing highs are marking out a horizontal resistance line nearby at 1.1790, and a rising trendline from August’s bottoms see the pair coming in to test a rising wedge, giving credence to a bullish breakout to come in the days to follow. Any potential upside could be limited, with slow Stochastics already marked in at overbought levels on Daily candles, though the fast MA is set to make another break above the slow MA. EUR/USD Chart, 1-Hour Spot rate 1.1753 Week change 0.10% Previous week high 1.1802 Previous week low 1.1618 Â Â Support 1 1.1726 (current week low) Support 2 1.1721 (200-hour EMA) Support 3 1.1656 (50-day EMA) Â Â Resistance 1 1.1815 (current week high) Resistance 2 1.1851 (June top barrier) Resistance 3 1.1944 (200-day SMA) Â Â Â Â Â 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 Hong Kong Monetary Authority: Rising interest rates a healthy development FX Street 4 years The EUR/USD couldn't find the momentum to break higher upwards following the US Federal Reserve's 25 basis point hike on Wednesday, and the Euro remains trapped near 1.1750 as the week's sideways range continues, with the pair's swing lows regularly testing below 1.1730 with little follow-through. The current swing highs are marking out a horizontal resistance line nearby at 1.1790, and a rising trendline from August's bottoms see the pair coming in to test a rising wedge, giving credence to a bullish breakout to come in the days to follow. Any potential upside could be limited, with slow Stochastics already… 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.
