Spot extends the positive momentum for the third session in a row today and is currently challenging the key resistance area around 1.1720/30 after leaving behind the initial hurdle at the 200-hour SMA in the 1.1705 zone. The pair is now testing the 55-day SMA, today at 1.1730, the base of the daily cloud and a Fibo retracement of the April-May decline. It needs to overcome this area in order to allow a visit to the 1.1790 region, considered the last defense before the mid-1.1800s. On the other hand, a breakdown of the 21-day SMA at 1.1664 could spark a deeper pullback to the 1.1530 region ahead of the 1.1500 neighbourhood. EUR/USD daily chart Daily high: 1.1737 Daily low: 1.1702 Support Levels S1: 1.1693 S2: 1.1654 S3: 1.1632 Resistance Levels R1: 1.1733 R2: 1.1755 R3: 1.1784 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 AUD/USD reverses RBA minutes-led downtick, turns higher for the day FX Street 5 years Spot extends the positive momentum for the third session in a row today and is currently challenging the key resistance area around 1.1720/30 after leaving behind the initial hurdle at the 200-hour SMA in the 1.1705 zone. The pair is now testing the 55-day SMA, today at 1.1730, the base of the daily cloud and a Fibo retracement of the April-May decline. It needs to overcome this area in order to allow a visit to the 1.1790 region, considered the last defense before the mid-1.1800s. On the other hand, a breakdown of the 21-day SMA at 1.1664 could spark a… 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.
