The pair is prolonging the downside and is now navigating the area of multi-week lows around 1.1570. EUR/USD has just broken below the pennant pattern (charted from June’s 1.1853 and 1.1509) and it has opened the door for a deeper retracement to, initially, the 1.1530 region ahead of YTD lows in the 1.1500 neighbourhood. In the meantime, spot remains offered while below recent tops in the mid-1.1700s. This area of resistance is reinforced by the short term line, while the 21-day SMA at 1.1680 emerges as the interim hurdle. EUR/USD daily chart Daily high: 1.1596 Daily low: 1.1561 Support Levels S1: 1.1555 S2: 1.1525 S3: 1.1468 Resistance Levels R1: 1.1641 R2: 1.1698 R3: 1.1728 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 UK services PMI drops to 53.5 in July, 3-month lows FX Street 5 years The pair is prolonging the downside and is now navigating the area of multi-week lows around 1.1570. EUR/USD has just broken below the pennant pattern (charted from June's 1.1853 and 1.1509) and it has opened the door for a deeper retracement to, initially, the 1.1530 region ahead of YTD lows in the 1.1500 neighbourhood. In the meantime, spot remains offered while below recent tops in the mid-1.1700s. This area of resistance is reinforced by the short term line, while the 21-day SMA at 1.1680 emerges as the interim hurdle. EUR/USD daily chart Daily high: 1.1596 Daily low:… 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.
