EUR/USD remains strong in the bearish bias

EUR/USD remains strong in the bearish bias

EUR/USD found resistance around the Fibonacci zone of 38.2% at 1.1672 and now looks forward to reach new lows across the board. Next target is placed at the -23.6% at 1.1510, at which bulls could gather some momentum in order to correct the decline. To the upside, nearest resistance lies at the 200 SMA and if it manages to break above it, next target should be November 3rd highs.

RSI indicator remains in the neutral territory.

EURUSDmH1.png

Similar

Bitcoin (BTC/USD) opening the doors for a lower extension

As we had anticipated in previous reports, Bitcoin has finally made a break of the important level of support at 12,852 and is now on track to reach the Fibonacci level of 0% at 10,680, which could mean a bearish continuation that will allow to…

Popular

Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera