Spot recovered from the knee-jerk to the 1.1690 region on Tuesday and returned to the 1.1720 region, where sits the 23.6% Fibo retracement of the April-May drop. While above the 10-day SMA (1.1686) and the 21-day SMA (1.1656), another visit to recent tops in the 1.1800 first and then an attempt to the critical hurdle in the mid-1.1800s is not ruled out. However, failing to test the vicinity of the 1.1800 handle in the near term should open the door for a consolidation phase and further loss of upside momentum. In this scenario, the 1.1530 region should be back on the radar ahead of 2018 lows in the 1.1500 neighbourhood. EUR/USD hourly chart Daily high: 1.1747 Daily low: 1.1723 Support Levels S1: 1.1702 S2: 1.1660 S3: 1.1630 Resistance Levels R1: 1.1775 R2: 1.1805 R3: 1.1848 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 ECB and BoE speakers in focus today – TDS FX Street 3 years Spot recovered from the knee-jerk to the 1.1690 region on Tuesday and returned to the 1.1720 region, where sits the 23.6% Fibo retracement of the April-May drop. While above the 10-day SMA (1.1686) and the 21-day SMA (1.1656), another visit to recent tops in the 1.1800 first and then an attempt to the critical hurdle in the mid-1.1800s is not ruled out. However, failing to test the vicinity of the 1.1800 handle in the near term should open the door for a consolidation phase and further loss of upside momentum. In this scenario, the 1.1530 region should be back on… Top 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.
