“¢ The selling bias remains unabated on the back of a downward revision of the core EZ CPI print and a broadly stronger USD. “¢ A subsequent weakness below the 1.1600 handle will confirm a fresh bearish breakdown below a short-term ascending trend-channel formation on the 4-hourly chart. “¢ Technical indicators on the mentioned chart are still far from near-term oversold conditions and thus, reinforce the near-term negative outlook. EUR/USD 4-hourly chart Spot rate: 1.1627 Daily Low: 1.1607 Daily High: 1.1665 Trend: Bearish Resistance R1: 1.1664 (20-day SMA) R2: 1.1700 (round figure mark) R3: 1.1721 (R1 daily pivot-point) Support S1: 1.1589 (S2 daily pivot-point) S2: 1.1540 (horizontal zone) S3: 1.1508 (YTD low set on June 21) 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 Australia: Peaking in employment lead indicators, but still solid – AmpGFX FX Street 5 years "¢ The selling bias remains unabated on the back of a downward revision of the core EZ CPI print and a broadly stronger USD. "¢ A subsequent weakness below the 1.1600 handle will confirm a fresh bearish breakdown below a short-term ascending trend-channel formation on the 4-hourly chart. "¢ Technical indicators on the mentioned chart are still far from near-term oversold conditions and thus, reinforce the near-term negative outlook. EUR/USD 4-hourly chart Spot rate: 1.1627 Daily Low: 1.1607 Daily High: 1.1665 Trend: Bearish Resistance R1: 1.1664 (20-day SMA) R2: 1.1700 (round figure mark) R3:… 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.
