Spot failed to advance further north of the 1.1750 area on Monday, sparking the subsequent leg lower to the current 1.1650/40 band. Initial resistance emerges in the 1.1681/88 band, where converge the 55-, 10- and 21-day SMA. The base of the daily cloud also reinforces this resistance zone. Investors are looking for a breakout of the pennant pattern charted from June’s 1.1853 and 1.1509. In the meantime, the near term outlook for the pair remains negative while below the resistance line, today at 1.1728. EUR/USD daily chart Daily high: 1.1668 Daily low: 1.1632 Support Levels S1: 1.1645 S2: 1.1630 S3: 1.1602 Resistance Levels R1: 1.1687 R2: 1.1715 R3: 1.1730 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 FOMC meeting turned out to be a non-event – Danske Bank FX Street 5 years Spot failed to advance further north of the 1.1750 area on Monday, sparking the subsequent leg lower to the current 1.1650/40 band. Initial resistance emerges in the 1.1681/88 band, where converge the 55-, 10- and 21-day SMA. The base of the daily cloud also reinforces this resistance zone. Investors are looking for a breakout of the pennant pattern charted from June's 1.1853 and 1.1509. In the meantime, the near term outlook for the pair remains negative while below the resistance line, today at 1.1728. EUR/USD daily chart Daily high: 1.1668 Daily low: 1.1632 Support Levels S1: 1.1645… 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.
