“¢ Retreats from 50% Fibonacci retracement level of the post-ECB slide to retest a resistance break-point turned support. “¢ A sustained move above the 1.1675-80 region would be needed for the pair to continued with its overnight recovery move from YTD lows. “¢ Weakness below the resistance turned support, and a subsequent break below the 1.1600 handle (nearing 23.6% Fibonacci retracement level) would negate prospects of any further recovery. EUR/USD 1-hourly chart Spot Rate: 1.1646 Daily Low: 1.1598 Daily High: 1.1675 Trend: Bullish only until holds above 1.1600 handle Resistance R1: 1.1675 (current day high) R2: 1.1708 (R2 daily pivot-point) R3: 1.1733 (200-period SMA H4) Support S1: 1.1630 (resistance break-point) S2: 1.1599 (5-day SMA) S3: 1.1582 (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 Canada: Retail sales in April declined 1.2% to $49.5 billion FX Street 4 years "¢ Retreats from 50% Fibonacci retracement level of the post-ECB slide to retest a resistance break-point turned support. "¢ A sustained move above the 1.1675-80 region would be needed for the pair to continued with its overnight recovery move from YTD lows. "¢ Weakness below the resistance turned support, and a subsequent break below the 1.1600 handle (nearing 23.6% Fibonacci retracement level) would negate prospects of any further recovery. EUR/USD 1-hourly chart Spot Rate: 1.1646 Daily Low: 1.1598 Daily High: 1.1675 Trend: Bullish only until holds above 1.1600 handle Resistance R1: 1.1675 (current… 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.
