“¢ A modest USD rebound caps the ongoing positive momentum near a descending trend-line resistance, extending from May 15 tops through highs posted on June 14 and July 9. “¢ The said trend-line also constitutes towards a descending triangular formation on the daily chart and hence, should continue to act as a key hurdle amid neutral short-term technical indicators. “¢ It would now be interesting to see if the pair is able to make it through the mentioned barrier or remains within a familiar trading range ahead of Thursday’s key ECB monetary policy decision. EUR/USD daily chart Spot rate: 1.1712 Daily High: 1.1751 Daily Low: 1.1687 Trend: Neutral Resistance R1: 1.1751 (current day swing high) R2: 1.1791 (monthly high set on July 9) R3: 1.1809 (R2 daily pivot-point) Support S1: 1.1665 (100-period SMA H1) S2: 1.1635 (horizontal zone) S3: 1.1600 (round figure mark) 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/JPY rebounds beyond 111.00 ahead of US data FX Street 5 years "¢ A modest USD rebound caps the ongoing positive momentum near a descending trend-line resistance, extending from May 15 tops through highs posted on June 14 and July 9. "¢ The said trend-line also constitutes towards a descending triangular formation on the daily chart and hence, should continue to act as a key hurdle amid neutral short-term technical indicators. "¢ It would now be interesting to see if the pair is able to make it through the mentioned barrier or remains within a familiar trading range ahead of Thursday's key ECB monetary policy… 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.
