The recent bullish attempt in EUR/USD has run out of legs in the key resistance area near 1.1750, matching last week’s tops. Spot, however, remains unable to clear the base of the daily cloud on a more sustainable fashion, which would allow for a run to the 1.1790/1.1800 band, or monthly peaks. Last Tuesday’s bearish ‘outside day’ forced the pair to drop to the 1.1570 region, sparking a strong rebound afterwards exclusively on the back of USD-selling. On the downside, the 21-day/21-hour SMA offers string contention ahead of the recent lows in the 1.1575/70 band. Near term, spot remains neutral/bearish while below last Monday’s tops at 1.1790. EUR/USD daily chart Daily high: 1.1751 Daily low: 1.1689 Support Levels S1: 1.1653 S2: 1.1583 S3: 1.1540 Resistance Levels R1: 1.1766 R2: 1.1809 R3: 1.1878 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 MyEtherWalletnow supports buying crypto for fiat; ETH shows little reaction FX Street 5 years The recent bullish attempt in EUR/USD has run out of legs in the key resistance area near 1.1750, matching last week's tops. Spot, however, remains unable to clear the base of the daily cloud on a more sustainable fashion, which would allow for a run to the 1.1790/1.1800 band, or monthly peaks. Last Tuesday's bearish 'outside day' forced the pair to drop to the 1.1570 region, sparking a strong rebound afterwards exclusively on the back of USD-selling. On the downside, the 21-day/21-hour SMA offers string contention ahead of the recent lows in the 1.1575/70 band. Near term, spot remains neutral/bearish… 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.
