EUR/USD is currently trading near the daily lows near the 1.1650 level. Earlier in the day EUR/USD failed to breakout above the 1.1730 level which is the 23.6% Fibonacci retracement from the mid-April-May bear move. EUR/USD is seen bearish in the short-term as the 50-period simple moving average has crossed below the 200-period SMA forming death cross. If EUR/USD stays contained below 1.1685 intraday swing high it could lead to further losses towards the 1.1600 figure. EUR/USD 15-minute chart Spot rate: 1.1650 Relative change: -0.47% High: 1.1721 Low: 1.1634 Trend: Bearish Resistance 1: 1.1685 intraday swing high Resistance 2: 1.1700 figure Resistance 3: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move Support 1: 1.1634 current week’s low Support 2: 1.1600 figure Support 3: 1.1550 demand level 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 Technical Analysis: Cable bounces from daily lows, currently capped at 1.3240 FX Street 5 years EUR/USD is currently trading near the daily lows near the 1.1650 level. Earlier in the day EUR/USD failed to breakout above the 1.1730 level which is the 23.6% Fibonacci retracement from the mid-April-May bear move. EUR/USD is seen bearish in the short-term as the 50-period simple moving average has crossed below the 200-period SMA forming death cross. If EUR/USD stays contained below 1.1685 intraday swing high it could lead to further losses towards the 1.1600 figure. EUR/USD 15-minute chart Spot rate: 1.1650 Relative change: -0.47% High: … 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.
