EUR/USD consolidates a tepid bounce from two-day lows near 1.1260 as Wednesday’s 4-hour chart is showing uptrend support underpinning the pair, FXStreet’s analyst Yohay Elam reports. Key quotes “EUR/USD is trading above the long-term support line running from late May, as well as alongside a steeper one that was formed in early July when it bottomed out at 1.1185. Moreover, momentum on the 4-hour chart remains to the upside and the pair is holding above the 50, 100, and 200 Simple Moving Averages.” “Resistance is at 1.13, which capped the currency pair last week. It is followed by the critical 1.1350 level – a double top.”. “Support is at 1.1260, the daily low, followed by 1.1220, a support line from last week.” 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 EUR/USD: Ready to resume its rise? Euro showing resilience alongside uptrend support Yohay Elam 3 years EUR/USD consolidates a tepid bounce from two-day lows near 1.1260 as Wednesday's 4-hour chart is showing uptrend support underpinning the pair, FXStreet’s analyst Yohay Elam reports. Key quotes “EUR/USD is trading above the long-term support line running from late May, as well as alongside a steeper one that was formed in early July when it bottomed out at 1.1185. Moreover, momentum on the 4-hour chart remains to the upside and the pair is holding above the 50, 100, and 200 Simple Moving Averages.” “Resistance is at 1.13, which capped the currency pair last week. It is followed by the critical… 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.
