The Euro is taking a licking in the early European market session for Thursday, skidding into the 1.1700 technical level as European exchanges begin to come online following the US Fed’s 25 basis point hike on Wednesday. The EUR/USD is now trading into a support line that acted as familiar resistance since mid-August, and marking in a new low for the week, though the pair still remains overall well-bid, keeping a healthy gap between the current action and the 200-period 4-Hour SMA currently sitting at 1.1604. EUR/USD Chart, 1-Hour Spot rate 1.1704 Week change -0.35% Previous week high 1.1802 Previous week low 1.1618 Â Â Support 1 1.1654 (50-day EMA) Support 2 1.1604 (200-period 4-hour SMA) Support 3 1.1526 (September technical bottom) Â Â Resistance 1 1.1750 (50-hour EMA) Resistance 2 1.1815 (current week high) Resistance 3 1.1944 (200-day EMA) Â 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 EUR/JPY review: Italy’s budget worries trigger double top breakdown FX Street 4 years The Euro is taking a licking in the early European market session for Thursday, skidding into the 1.1700 technical level as European exchanges begin to come online following the US Fed's 25 basis point hike on Wednesday. The EUR/USD is now trading into a support line that acted as familiar resistance since mid-August, and marking in a new low for the week, though the pair still remains overall well-bid, keeping a healthy gap between the current action and the 200-period 4-Hour SMA currently sitting at 1.1604. EUR/USD Chart, 1-Hour Spot rate 1.1704 Week change -0.35% Previous week high 1.1802 Previous… 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.
