Spot remains on the defensive this week, dropping to the 1.1600 neighbourhood where met some decent support for the time being. The subsequent bullish attempt lost momentum just ahead of the critical 21-day SMA, which now acts as interim resistance ahead of the more relevant hurdle in the 1.1720 zone, where converge a Fibo retracement of the April-May descent, December 2017 low and the base of the daily cloud. The pair stays offered following Tuesday’s bearish ‘outside day’ and keeps pointing to a probable test of the 1.1500 region. The daily RSI reads 43, while a low ADX (today at 18) notes the absent or weak trend. On a 15M chart, the pair drops to the oversold area, while the ADX picks up pace. EUR/USD 15M chart Daily high: 1.1657 Daily low: 1.1621 Support Levels S1: 1.1605 S2: 1.1572 S3: 1.1542 Resistance Levels R1: 1.1669 R2: 1.1699 R3: 1.1732 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 USD/CAD recovers overnight losses, jumps back to 1.3200 mark FX Street 5 years Spot remains on the defensive this week, dropping to the 1.1600 neighbourhood where met some decent support for the time being. The subsequent bullish attempt lost momentum just ahead of the critical 21-day SMA, which now acts as interim resistance ahead of the more relevant hurdle in the 1.1720 zone, where converge a Fibo retracement of the April-May descent, December 2017 low and the base of the daily cloud. The pair stays offered following Tuesday's bearish 'outside day' and keeps pointing to a probable test of the 1.1500 region. The daily RSI reads 43, while a low ADX (today at… 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.
