While the price may have dropped below 1300, ATR and momentum indicators suggested that the downside was overdone on Thursday. Friday’s price action took the bulls back into bullish territory within the ascending channel with eyes on a break of 1320 while trading above 1275. First, bulls can target 1315 as the next key target that meets the trend-line prior support of the rising channel – 1313 is the 50% Fibo target. 1332 guards the 2019 highs as being the 19th Feb high of 1345.19. 1275 is a key support and a break below it will put the attention back to the towards to 1250, a key confluence area made up of Fibos and prior support and resistance. Support levels: 1291 1280 1270. Resistance levels: 1312 1322 1332. 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 Trump-Xi meeting to end trade war may be pushed back to June, sources say -SCP FX Street 4 years While the price may have dropped below 1300, ATR and momentum indicators suggested that the downside was overdone on Thursday. Friday's price action took the bulls back into bullish territory within the ascending channel with eyes on a break of 1320 while trading above 1275. First, bulls can target 1315 as the next key target that meets the trend-line prior support of the rising channel - 1313 is the 50% Fibo target. 1332 guards the 2019 highs as being the 19th Feb high of 1345.19. 1275 is a key support and a break below it will put the attention… 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.
