EUR/USD managed to find some support ahead of the 1.0800 round-figure mark and caught some fresh bids during the Asian session on Friday amid a turnaround in the global risk sentiment, FXStreet’s analyst Haresh Menghani reports. Key quotes “The overnight break below a short-term ascending trend-line now seems to have shifted the near-term bias back in favour of bearish traders.” “It will be prudent to wait for some follow-through weakness below the 1.0810-1.0800 region before positioning for any further depreciating move.” “On the flip side, any subsequent recovery might now confront some fresh supply and seems more likely to remain capped near the 1.0900 round-figure mark.” 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 Saudi Aramco: Will Provide customers with 8.5 mln bpd of oil starting May 1 FX Street 2 years EUR/USD managed to find some support ahead of the 1.0800 round-figure mark and caught some fresh bids during the Asian session on Friday amid a turnaround in the global risk sentiment, FXStreet’s analyst Haresh Menghani reports. Key quotes “The overnight break below a short-term ascending trend-line now seems to have shifted the near-term bias back in favour of bearish traders.” “It will be prudent to wait for some follow-through weakness below the 1.0810-1.0800 region before positioning for any further depreciating move.” “On the flip side, any subsequent recovery might now confront some fresh supply and seems more likely to remain… Top 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.
