The EUR/USD pair is falling for the fifth day in a row and shows no signals of a bottom. If it manages to hold above 1.1530 on a closing basis, it could look for some stabilization ahead, within the previous trading range 1.1520/1.1720. A consolidation under 1.1520 would signal another test to 1.1500. A daily close under 1.1520 would expose the next strong support seen at 1.1460. The technical outlook is biased to the downside, with price holding below key moving averages in the daily chart that have started to point south. A recovery of the euro is likely to face resistance around 1.1600; a recovery on top of 1.1650 could open the doors for a test of 1.1720. In the very short-term, the recovery from lows has lost strength and the euro looks set to slide ahead of the Asian session. EUR/USD 15-minute chart Daily high: 1.1579 Daily low: 1.1503 Support Levels S1: 1.1520 S2: 1.1500 S3: 1.1460 Resistance Levels R1: 1.1565 R2: 1.1605 R3: 1.1625 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 EUR/GBP: bears looking for a break lower within descending channel, 200-DMA eyed FX Street 4 years The EUR/USD pair is falling for the fifth day in a row and shows no signals of a bottom. If it manages to hold above 1.1530 on a closing basis, it could look for some stabilization ahead, within the previous trading range 1.1520/1.1720. A consolidation under 1.1520 would signal another test to 1.1500. A daily close under 1.1520 would expose the next strong support seen at 1.1460. The technical outlook is biased to the downside, with price holding below key moving averages in the daily chart that have started to point south. A recovery of the euro is… 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.
