EUR/USD has bounced off the critical support line at 1.0870 discussed on Monday and Tuesday’s four-hour chart is showing bulls are in the lead, Yohay Elam, an analyst at FXStreet, informs. Key quotes “EUR/USD has bounced off the critical support line at 1.0870 discussed on Monday and has also recaptured the 50 Simple Moving Average on the four-hour chart, a bullish sign. While momentum is still to the downside, the success in rising above the uptrend support line provides a tailwind for the common currency.” “Some resistance awaits at the daily high of 1.0940, which was also a swing high on in early May. It is followed by 1.0870, a swing high from last week.” “Support is at 1.0895, a swing high from mid-May, followed by 1.0870 and then by 1.0820.” 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 Ethereum Price Analysis: ETH/USD battling the massive resistance at $205 – Confluence Detector FX Street 3 years EUR/USD has bounced off the critical support line at 1.0870 discussed on Monday and Tuesday's four-hour chart is showing bulls are in the lead, Yohay Elam, an analyst at FXStreet, informs. Key quotes “EUR/USD has bounced off the critical support line at 1.0870 discussed on Monday and has also recaptured the 50 Simple Moving Average on the four-hour chart, a bullish sign. While momentum is still to the downside, the success in rising above the uptrend support line provides a tailwind for the common currency.” “Some resistance awaits at the daily high of 1.0940, which was also a swing 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.
