EUR/USD has recovered from overnight lows below 1.12, trading at 1.1208 as of writing, while Friday’s 4-hour chart is showing two uptrend support lines are converging, which may prevent the pair from falling, according to FXStreet’s analyst Yohay Elam reports. Key quotes “Zooming out on the 4-hour chart all the way to early May shows a long-term uptrend support line that is now hitting the chart close to the current price. A more moderate uptrend dating back to late May is also providing support.” “Momentum remains to the downside while this week’s slide from the highs sent EUR/USD below the 50 and 100 Simple Moving Averages. However, the pair is still above the 200 SMA.” “Support awaits at the recent low around 1.1190, followed by Friday’s low of 1.1165. The next line to watch is 1.1080, which was a stepping stone on the way up in early June.” “Resistance is 1.1250, a swing high from last week, followed by 1.1295, another such line from several days earlier. The next cap is at 1.1350, which held EUR/USD down twice during this month.” 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 Natural Gas Futures: Further weakness on the cards FX Street 2 years EUR/USD has recovered from overnight lows below 1.12, trading at 1.1208 as of writing, while Friday's 4-hour chart is showing two uptrend support lines are converging, which may prevent the pair from falling, according to FXStreet’s analyst Yohay Elam reports. Key quotes “Zooming out on the 4-hour chart all the way to early May shows a long-term uptrend support line that is now hitting the chart close to the current price. A more moderate uptrend dating back to late May is also providing support.” “Momentum remains to the downside while this week's slide from the highs sent EUR/USD below 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.