EUR\/USD<\/strong><\/a> extended its decline below the 1.0700 support zone.<\/p>\nThe pair settled below the 1.0650 support level, the 100 simple moving average and the 200 simple moving average.
\nThe decline gained pace below the 1.0620 and 1.0600 support levels. A low is formed near 1.0536 and the pair is now consolidating losses. On the upside, and immediate resistance is near the 1.0575 level.<\/p>\n
There is also a key bearish trend line forming with resistance near 1.0580. The next major resistance is near the 1.0620 level. A clear move above the 1.0620 resistance might start a steady increase. The next target could be near 1.0700 level and the 100 simple moving average, where the bears might appear. Any more gains could open the doors for a move towards the 1.0800 level.<\/p>\n
On the downside, an immediate support in near the 1.0540 level. The next major support is near the 1.0500 level, below which there is a risk of a move towards the 1.0450. Any more losses could open the doors for a drop towards 1.0380.<\/p>\n","protected":false},"excerpt":{"rendered":"
EUR\/USD slides further as the Dollar gains steadily EUR\/USD extended its decline below the 1.0600 support. A key bearish trend line is forming with resistance near 1.0580 on the 4-hours chart. GBP\/USD could dive if it breaks the 1.1920 support. Gold price is at risk of a move below the $1,800 support. The Euro started<\/p>\n... continue reading<\/a>.","protected":false},"author":3,"featured_media":17096,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[94,265,267,187,19,270,293,22,201],"yoast_head":"\r\nEUR\/USD slides further as the Dollar gains steadily | Xtreamforex<\/title>\r\n<meta name=\"description\" content=\"The Euro started another decline after it failed to recover above 1.0800 against the US Dollar. 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