A holiday in the US and a scarce macroeconomic calendar in Europe keeping majors range-bound, Valeria Bednarik from FXStreet informs. The analyst sees the pair extending its slump on a break below 1.0810, the immediate support. Key quotes “The EUR/USD pair is trading near it’s Friday multi-year low of 1.0826, showing little aims to move one way or the other, as the daily high was set at 1.0850. A scarce European macroeconomic calendar and US markets on holiday are behind the absence of trading interests.” “EUR/USD is consolidating mid-way its daily range, retaining its bearish stance in the short-term. The 4-hour chart shows that the 20 SMA maintains a sharp bearish slope above the current price and below the larger ones, which also head firmly lower.” “Technical indicators have corrected extreme oversold conditions before resuming their declines within negative levels. Further declines are to be expected, with the market now eyeing a test of 1.0770 the next relevant support 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 USD/JPY Price Analysis: Greenback in range below 110.00 figure vs. yen FX Street 2 years A holiday in the US and a scarce macroeconomic calendar in Europe keeping majors range-bound, Valeria Bednarik from FXStreet informs. The analyst sees the pair extending its slump on a break below 1.0810, the immediate support. Key quotes “The EUR/USD pair is trading near it’s Friday multi-year low of 1.0826, showing little aims to move one way or the other, as the daily high was set at 1.0850. A scarce European macroeconomic calendar and US markets on holiday are behind the absence of trading interests.” “EUR/USD is consolidating mid-way its daily range, retaining its bearish stance in the short-term. 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.
