The FOMC-led sharp rebound on Wednesday lifted EUR/USD to fresh multi-week highs near 1.1450, fully reversing at the same time the March pullback. The up move, however, run out of steam ahead of the 5-month resistance line, today at 1.1416, which continues to offer a tough resistance. This resistance zone is reinforced by the 50% Fibo retracement of the 2017-2018 rally, at 1.1448. Spot needs to clear this important area to allow for a potential test of the critical 200-day SMA at 1.1481 ahead of the 1.1500 neighbourhood. 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 GBP/USD refreshes session low, around mid-1.3100s on news of shorter Brexit extension date FX Street 4 years The FOMC-led sharp rebound on Wednesday lifted EUR/USD to fresh multi-week highs near 1.1450, fully reversing at the same time the March pullback. The up move, however, run out of steam ahead of the 5-month resistance line, today at 1.1416, which continues to offer a tough resistance. This resistance zone is reinforced by the 50% Fibo retracement of the 2017-2018 rally, at 1.1448. Spot needs to clear this important area to allow for a potential test of the critical 200-day SMA at 1.1481 ahead of the 1.1500 neighbourhood. 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.
