EUR/USD is trading with modest gains this Monday, in the 1.1850 price zone, mildly bullish according to intraday readings as the pair pressures the 1.1870 resistance in the way to the year high, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “The week is starting in slow motion, with speculative interest concerned about economic growth amid the increasing number of global coronavirus cases. Over the weekend, the US reported fewer cases, just around 35,000 on Sunday, although the number is tricky amid the reduced number of tests.” “The 4-hour chart shows that a bullish 20 SMA, provides dynamic support At 1.1815, advancing above the 100 SMA. Technical indicators in the mentioned time-frame have turned higher within positive levels, but lacking enough momentum and within familiar levels.” “The bullish potential will be clearer on a break above 1.1870, the immediate resistance.” 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 Technical Analysis: ETH/USD comfortably trading above $400 waiting for the next leg up FX Street 2 years EUR/USD is trading with modest gains this Monday, in the 1.1850 price zone, mildly bullish according to intraday readings as the pair pressures the 1.1870 resistance in the way to the year high, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “The week is starting in slow motion, with speculative interest concerned about economic growth amid the increasing number of global coronavirus cases. Over the weekend, the US reported fewer cases, just around 35,000 on Sunday, although the number is tricky amid the reduced number of tests.” “The 4-hour chart shows that a bullish 20 SMA, provides dynamic support At… 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.
