“¢ The pair extended overnight retracement slide from a descending trend-line resistance, forming a part of a descending triangle on the daily chart. “¢ A follow-through slide below 200-hour SMA further aggravated the selling bias in the past hour or so, albeit downside remained limited ahead of flash Euro-zone PMIs. “¢ With technical indicators on the 1-hourly chart gradually gaining negative momentum, any up-move might now be looked upon as an opportunity to sell. EUR/USD 1-hourly chart Spot rate: 1.1676 Daily High: 1.1702 Daily Low: 1.1655 Trend: Bearish Resistance R1: 1.1702 (current day swing high) R2: 1.1742 (50-day SMA) R3: 1.1791 (monthly tops set on July 9) Support S1: 1.1655 (current day swing low) S2: 1.1635 (horizontal zone) S3: 1.1598 (S3 daily pivot-point) 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 price analysis: XRP/USD eyes $0.4600; traders choose XRP as the best coin for moving funds between exchanges FX Street 5 years "¢ The pair extended overnight retracement slide from a descending trend-line resistance, forming a part of a descending triangle on the daily chart. "¢ A follow-through slide below 200-hour SMA further aggravated the selling bias in the past hour or so, albeit downside remained limited ahead of flash Euro-zone PMIs. "¢ With technical indicators on the 1-hourly chart gradually gaining negative momentum, any up-move might now be looked upon as an opportunity to sell. EUR/USD 1-hourly chart Spot rate: 1.1676 Daily High: 1.1702 Daily Low: 1.1655 Trend: Bearish Resistance R1: 1.1702 (current day… 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.
