EUR/USD advanced and settled above 1.18 ahead of the European Central Bank (ECB) decision. Meanwhile, Thursday’s 4-hour chart is pointing to a fierce battle between bulls and bears, Yohay Elam, an analyst at FXStreet, reports. Key quotes “EUR/USD has recaptured the uptrend support line, a bullish sign. On the other hand, the currency pair failed to overcome the 200 Simple Moving Average on the 4-hour chart. Momentum has all but disappeared and the Relative Strength Index is stable.” “Some resistance awaits at 1.1835, which capped EUR/USD in recent days. It is followed by 1.1880, a cap from last week. The next levels to watch are 1.1885 and 1.1925.” “Support awaits at 1.1780, a cushion from last week, followed by 1.1750, a double-bottom. The next levels to watch are 1.17 and 1.1625.” 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 Price Analysis: Bulls struggle to regain 106.18 barrier FX Street 3 years EUR/USD advanced and settled above 1.18 ahead of the European Central Bank (ECB) decision. Meanwhile, Thursday's 4-hour chart is pointing to a fierce battle between bulls and bears, Yohay Elam, an analyst at FXStreet, reports. Key quotes “EUR/USD has recaptured the uptrend support line, a bullish sign. On the other hand, the currency pair failed to overcome the 200 Simple Moving Average on the 4-hour chart. Momentum has all but disappeared and the Relative Strength Index is stable.” “Some resistance awaits at 1.1835, which capped EUR/USD in recent days. It is followed by 1.1880, a cap from last week. The… 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.
