EUR/USD is bearish in the short-term, needs to break below the 1.0835 support, according to FXStreet’s Chief Analyst Valeria Bednarik. Key quotes “The US has just released Initial Jobless Claims for the week ended April 10, which were worse than anticipated at 5245K although better than the previous weekly figure, which was upwardly revised to 6615K.” “The Philadelphia Fed Manufacturing Survey came in at -56.6 for April vs. the expected -30. The sour numbers had a limited effect on currencies, with EUR/USD holding a few pips below the 1.0900 figure.” “In the EUR/USD 4-hour chart, the risk remains skewed to the downside, as the pair is developing below all of its moving averages, while technical indicators remain within negative levels, with modest downward slopes.” “The main support is the 61.8% retracement of the same rally at 1.0835, with a steeper decline expected on a break below the level.” 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 ETH/BTC unstoppable, 0.0250 BTC within reach FX Street 2 years EUR/USD is bearish in the short-term, needs to break below the 1.0835 support, according to FXStreet’s Chief Analyst Valeria Bednarik. Key quotes “The US has just released Initial Jobless Claims for the week ended April 10, which were worse than anticipated at 5245K although better than the previous weekly figure, which was upwardly revised to 6615K.” “The Philadelphia Fed Manufacturing Survey came in at -56.6 for April vs. the expected -30. The sour numbers had a limited effect on currencies, with EUR/USD holding a few pips below the 1.0900 figure.” “In the EUR/USD 4-hour chart, the risk remains skewed to… 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.
