“¢ The pair’s goodish recovery attempt, supported by PBoC headlines and softer headline NFP print failed near an ascending trend-line break-point now turned resistance. “¢ A retest of the previous support and a subsequent drop to fresh five-week lows reinforces the bearish break and suggests that the near-term selling bias might still be far from over. “¢ With technical indicators gradually moving away from near-term oversold conditions, a fall back towards YTD lows, closer to the key 1.1500 psychological mark, remains a distinct possibility. EUR/USD 4-hourly chart Spot Rate: 1.1583 Daily High: 1.1610 Daily Low: 1.1562 Trend: Bearish Support S1: 1.1560 (current day swing low) S2: 1.1508 (YTD low set on June 21) S3: 1.1479 (July 20, 2017 swing low) Resistance R1: 1.1611 (post-NFP swing high) R2: 1.1660 (100-period SMA H1) R3: 1.1700 (round figure mark) 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/USD remains vulnerable, recovery stalled around 1.1610 FX Street 5 years "¢ The pair's goodish recovery attempt, supported by PBoC headlines and softer headline NFP print failed near an ascending trend-line break-point now turned resistance. "¢ A retest of the previous support and a subsequent drop to fresh five-week lows reinforces the bearish break and suggests that the near-term selling bias might still be far from over. "¢ With technical indicators gradually moving away from near-term oversold conditions, a fall back towards YTD lows, closer to the key 1.1500 psychological mark, remains a distinct possibility. EUR/USD 4-hourly chart Spot Rate: 1.1583 Daily High: 1.1610… 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.
