Currently, the EUR/USD is trading at 1.1341, having clocked a low of 1.1302 earlier today. The recovery could be associated with the bullish divergence of stochastic on the hourly chart and could be extended further to 1.1397 – a level which marks the confluence of the downward sloping 50-candle EMA on 4-hour and the descending trendline connecting Oct. 16 high and Oct. 22 high. A convincing break above 1.1397 is needed to confirm a temporary bottom has been made at 1.1302 and could yield a stronger corrective rally to 1.1433 (Oct. 19 low). A close below 1.13 would accentuate the bearish pressure around the EUR. The pair closed yesterday below the 50-month SMA, which is a bearish development. 4-hour Chart Trend: corrective rally likely EUR/USD Overview: Last Price: 1.1341 Daily change: 29 pips Daily change: 0.256% Daily Open: 1.1312 Trends: Daily SMA20: 1.1472 Daily SMA50: 1.1575 Daily SMA100: 1.1593 Daily SMA200: 1.1876 Levels: Daily High: 1.1362 Daily Low: 1.1302 Weekly High: 1.1551 Weekly Low: 1.1336 Monthly High: 1.1625 Monthly Low: 1.1302 Daily Fibonacci 38.2%: 1.1325 Daily Fibonacci 61.8%: 1.1339 Daily Pivot Point S1: 1.1289 Daily Pivot Point S2: 1.1266 Daily Pivot Point S3: 1.1229 Daily Pivot Point R1: 1.1348 Daily Pivot Point R2: 1.1385 Daily Pivot Point R3: 1.1408 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 PBOC Vice Chair: Will step up monetary policy support for rural areas FX Street 4 years Currently, the EUR/USD is trading at 1.1341, having clocked a low of 1.1302 earlier today. The recovery could be associated with the bullish divergence of stochastic on the hourly chart and could be extended further to 1.1397 - a level which marks the confluence of the downward sloping 50-candle EMA on 4-hour and the descending trendline connecting Oct. 16 high and Oct. 22 high. A convincing break above 1.1397 is needed to confirm a temporary bottom has been made at 1.1302 and could yield a stronger corrective rally to 1.1433 (Oct. 19 low). A close below 1.13 would accentuate… 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.
