EUR/USD is starting the week on the front foot as EUR/USD printed a fairly strong bull reversal last Friday. EUR/USD is currently having a decent bullish momentum as it is trying to breakout above the 1.1730-1.1740 area. If buyers manage to push beyond 1.1730-1.1740 area, the next scaling point to the upside might be located near 1.1790 last week’s high. On the flip side, if bulls fail to breakout above 1.1730-1.1740, the market might drift back to test the 1.1700 support. EUR/USD 15-minute chart Spot rate: 1.1716 Relative change: 0.26% High: 1.1726 Low: 1.1675 Trend: Neutral to bullish Resistance 1: 1.1730-1.1740 area, 23.6% Fibonacci retracement from mid-April-May bear move and last week’s open. Resistance 2: 1.1790 last week’s high Resistance 3: 1.1851-1.1854 area, June high and 38.2% Fibonacci retracement from mid-April-May bear move Support 1: 1.1700 figure Support 2: 1.1672 June 27 high Support 3: 1.1640-1.1649 area, key level and July 12 low Support 4: 1.1613 current weekly low Support 5: 1.1600 figure Support 6: 1.1560 June 14 low Support 7: 1.1508 current 2018 low 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 Ripple Technical Analysis: XRP/USD bulls finally break stubborn descending trend line leaping 5%, however stopped short heading into $0.47 FX Street 5 years EUR/USD is starting the week on the front foot as EUR/USD printed a fairly strong bull reversal last Friday. EUR/USD is currently having a decent bullish momentum as it is trying to breakout above the 1.1730-1.1740 area. If buyers manage to push beyond 1.1730-1.1740 area, the next scaling point to the upside might be located near 1.1790 last week's high. On the flip side, if bulls fail to breakout above 1.1730-1.1740, the market might drift back to test the 1.1700 support. EUR/USD 15-minute chart Spot rate: 1.1716 Relative change: … 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.
