“¢ The pair once again failed to make it through a short-term descending trend-line resistance, extending from highs touched in mid-May and June/July monthly tops. “¢ Bulls, however, have managed to defend the 1.1700 handle after the ECB announced its latest monetary policy decision to leave interest rates unchanged. “¢ A follow-through weakness below 200-period SMA on the 4-hourly chart will add credence to the rejection slide and pave the way for additional weakness. EUR/USD 4-hourly chart Spot rate: 1.1713 Daily High: 1.1744 Daily Low: 1.1706 Trend: Neutral Resistance R1: 1.1744 (descending trend-line hurdle) R2: 1.1792 (monthly swing high set on July 9) R3: 1.1833 (R3 daily pivot-point) Support S1: 1.1670 (200-period SMA H4) S2: 1.1655 (weekly low set on Tuesday) S3: 1.1606 (S2 daily pivot-point) 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 US: Durable goods orders likely to surge by 3.0% in June – Nomura FX Street 5 years "¢ The pair once again failed to make it through a short-term descending trend-line resistance, extending from highs touched in mid-May and June/July monthly tops. "¢ Bulls, however, have managed to defend the 1.1700 handle after the ECB announced its latest monetary policy decision to leave interest rates unchanged. "¢ A follow-through weakness below 200-period SMA on the 4-hourly chart will add credence to the rejection slide and pave the way for additional weakness. EUR/USD 4-hourly chart Spot rate: 1.1713 Daily High: 1.1744 Daily Low: 1.1706 Trend: Neutral Resistance R1: 1.1744 (descending… 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.
