The upside bias in EUR/USD appears to have once again run out of steam in the 1.1870/80 band, hinting at the idea that the pair could move into a consolidative phase in the very near-term and/or that a short-term top (near 1.1920) could be in place for the time being, according to FXStreet’s Pablo Piovano. Key quotes “EUR/USD met a tough resistance in the upper-1.1800s for the time being. The inability of the pair to surpass this hurdle in the near-term (ideally), should open the door to some consolidation as markets keep digesting the sharp July-August rally..” “The resumption of the upside should put the 1.1900 neighbourhood back on the radar as well as the so far 2020 highs in the 1.1915/20 band.” “On the selling side, the 1.1700/1.1690 region seems to hold well the occasional bearish moves, somewhat limiting the downside at the same time.” 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 NZD/USD stays near monthly lows below 0.6550 FX Street 2 years The upside bias in EUR/USD appears to have once again run out of steam in the 1.1870/80 band, hinting at the idea that the pair could move into a consolidative phase in the very near-term and/or that a short-term top (near 1.1920) could be in place for the time being, according to FXStreet’s Pablo Piovano. Key quotes “EUR/USD met a tough resistance in the upper-1.1800s for the time being. The inability of the pair to surpass this hurdle in the near-term (ideally), should open the door to some consolidation as markets keep digesting the sharp July-August rally..” “The resumption of 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.
