EUR/USD’s weekly advance lost traction in the vicinity of the 1.1100 handle. Inability of the pair to overcome recent tops could spark some correction. EUR/USD continues to fade the initial optimism and is now under pressure after being rejected from weekly highs in the boundaries of the 1.11 mark on Thursday. Weekly highs are also reinforced by the 100-day SMA, today at 1.1086. Ideally, spot should surpass this area in the short-term horizon in order to open the door for extra gains. On the opposite side, if sellers regain the upper hand, another visit to the key support near 1.1040 should return to the radar. A breakdown of this important area of contention, should reassert the downside bias. 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 NZD/USD recovers to 0.6420, stays in weekly range amid protracted trade uncertainty FX Street 3 years EUR/USD's weekly advance lost traction in the vicinity of the 1.1100 handle. Inability of the pair to overcome recent tops could spark some correction. EUR/USD continues to fade the initial optimism and is now under pressure after being rejected from weekly highs in the boundaries of the 1.11 mark on Thursday. Weekly highs are also reinforced by the 100-day SMA, today at 1.1086. Ideally, spot should surpass this area in the short-term horizon in order to open the door for extra gains. On the opposite side, if sellers regain the upper hand, another visit to the key support near 1.1040… 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.
