EUR/USD is partially reversing Thursday’s pullback following auspicious results from the German IFO earlier in the session. However, Thursday’s bearish ‘outside day’ hints at the likeliness that a deeper pullback lies ahead for the pair, with increasing bets of another visit to the 55-day SMA in the mid-1.10s in the short-term horizon. On the other hand, if buyers regain control, the immediate resistance is located at monthly tops near 1.1180 (Monday) ahead of the 200-day SMA just above 1.1200 the figure. EUR/USD daily chart 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 Eurozone: More stabilisation – TDS FX Street 3 years EUR/USD is partially reversing Thursday's pullback following auspicious results from the German IFO earlier in the session. However, Thursday's bearish 'outside day' hints at the likeliness that a deeper pullback lies ahead for the pair, with increasing bets of another visit to the 55-day SMA in the mid-1.10s in the short-term horizon. On the other hand, if buyers regain control, the immediate resistance is located at monthly tops near 1.1180 (Monday) ahead of the 200-day SMA just above 1.1200 the figure. EUR/USD daily chart 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.
