Another day, another round number smashed – at 1.11, the world’s most popular currency pair is trading at the highest since March while Friday’s four-hour chart is showing stretched conditions, FXStreet’s analyst Yohay Elam briefs. Read: EUR/USD busted through the 200-day ma scope for the 1.1240 December high – Commerzbank Key quotes “The Relative Strength Index on the four-hour chart is just above 70 – pointing to overbought conditions and a potential downside correction. Momentum remains to the upside and the EUR/USD pair is trading well above the 50, 100, and 200 Simple Moving Averages.” “Support awaits at 1.1090, which was a peak in the winter, and it is followed by 1.1050, also a battle line. Further down, the former peak of 1.1010 now turns into support.” “Some resistance is at 1.1111, which is 0.90 on USD/EUR, followed by the late-March peak of 1.1150.” 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 S&P 500: Futures defend 3K mark amid risk-off, eyes on Trump’s China speech FX Street 3 years Another day, another round number smashed – at 1.11, the world's most popular currency pair is trading at the highest since March while Friday's four-hour chart is showing stretched conditions, FXStreet’s analyst Yohay Elam briefs. Read: EUR/USD busted through the 200-day ma scope for the 1.1240 December high – Commerzbank Key quotes “The Relative Strength Index on the four-hour chart is just above 70 – pointing to overbought conditions and a potential downside correction. Momentum remains to the upside and the EUR/USD pair is trading well above the 50, 100, and 200 Simple Moving Averages.” “Support awaits at 1.1090, which was… 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.
