EUR/USD remains on the back foot below 4H 200MA. Two-month-old trend-line, 38.2% Fibonacci retracement add to the resistance. Following its run-up to eight-day high, the EUR/USD pair witnesses a pullback to 1.1144 during Monday morning in Asia. The 200-bar moving average on the four-hour chart (4H 200MA), at 1.1166, acts as an immediate upside barrier for the pair, a break of which will confront another strong resistance comprising a downward-sloping trend-line from June 25 and 38.2% Fibonacci retracement level of June-end to early- August downpour near 1.1175/77. In a case prices manage to stay strong beyond 1.1177, 50% Fibonacci retracement of 1.1221 and August 06 high near 1.1251 will please buyers. On the downside, 1.1113/10 including August 19-22 tops holds the keys to pair’s further declines to last week’s low near 1.1050 and then to the monthly bottom surrounding 1.1027. EUR/USD 4-hour chart Trend: Bearish 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 Gold prices surge to fresh weekly highs around the 127% fibo FX Street 4 years EUR/USD remains on the back foot below 4H 200MA. Two-month-old trend-line, 38.2% Fibonacci retracement add to the resistance. Following its run-up to eight-day high, the EUR/USD pair witnesses a pullback to 1.1144 during Monday morning in Asia. The 200-bar moving average on the four-hour chart (4H 200MA), at 1.1166, acts as an immediate upside barrier for the pair, a break of which will confront another strong resistance comprising a downward-sloping trend-line from June 25 and 38.2% Fibonacci retracement level of June-end to early- August downpour near 1.1175/77. In a case prices manage to stay strong beyond 1.1177, 50% Fibonacci retracement… 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.
