“¢ Manages to reverse early dip despite a modest USD uptick, with traders even shrugging off not too encouraging German business climate survey result. “¢ A sustained move above 1.1675-80 immediate hurdle (50% Fibonacci retracement level of the post-ECB slide) would add credence to the formation of a double-bottom bullish reversal chart pattern on the daily chart. “¢ Weakness below the resistance turned support, leading to a subsequent break below the 1.1600 handle might negate prospects of any further recovery. EUR/USD 1-hourly chart Spot Rate: 1.1662 Daily Low: 1.1629 Daily High: 1.1673 Trend: Bullish until holds above 1.1600 mark Resistance R1: 1.1675 (Friday’s swing high) R2: 1.1700 (round figure mark) R3: 1.1720 (R2 daily pivot-point) Support S1: 1.1625 (resistance break-point) S2: 1.1599 (100-period SMA H1) S3: 1.1567 (S2 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 USD/CHF now looks vulnerable – Commerzbank FX Street 3 years "¢ Manages to reverse early dip despite a modest USD uptick, with traders even shrugging off not too encouraging German business climate survey result. "¢ A sustained move above 1.1675-80 immediate hurdle (50% Fibonacci retracement level of the post-ECB slide) would add credence to the formation of a double-bottom bullish reversal chart pattern on the daily chart. "¢ Weakness below the resistance turned support, leading to a subsequent break below the 1.1600 handle might negate prospects of any further recovery. EUR/USD 1-hourly chart Spot Rate: 1.1662 Daily Low: 1.1629 Daily High: 1.1673 Trend: Bullish… 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.
