The Euro’s bounce from Tuesday’s low has run out of steam quickly, bidders will be looking for a jumping-in point. Hourly technical indicators aren’t looking good for buying opportunities for Wednesday. Thursday’s showing from the ECB’s Draghi could develop some momentum, but recent dovish showings bode poorly for long positions. EUR/USD Chart, 1-Hour Spot rate: 1.1575 Relative change: -0.10% High: 1.1595 Low: 1.1567 Trend: Bearish Support 1: 1.1530 (Tuesday low; technical swing low) Support 2: 1.1485 (S1 1-week pivot) Support 3: 1.1359 (S2 1-week pivot) Resistance 1: 1.1644 (Tuesday high, previous swing high) Resistance 2: 1.1703 (R3 1-day pivot) Resistance 3: 1.1851 (1-week high) 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 GBP/USD: At This Point, Probability Of Hard But Decent Brexit Is 80% – Danske Yohay Elam 3 years The Euro's bounce from Tuesday's low has run out of steam quickly, bidders will be looking for a jumping-in point. Hourly technical indicators aren't looking good for buying opportunities for Wednesday. Thursday's showing from the ECB's Draghi could develop some momentum, but recent dovish showings bode poorly for long positions. EUR/USD Chart, 1-Hour Spot rate: 1.1575 Relative change: -0.10% High: 1.1595 Low: 1.1567 Trend: Bearish Support 1: 1.1530 (Tuesday low; technical swing low) Support 2: 1.1485 (S1 1-week pivot) Support 3: 1.1359 (S2 1-week pivot) Resistance 1: 1.1644 (Tuesday high, previous swing high) Resistance 2: 1.1703 (R3 1-day pivot)… 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.
