- The Euro is challenging the 1.1165 resistance in the New York session.
- A breakout above the 1.1165 resistance could open the doors to further gains towards 1.1220 and 1.1255 resistances.
EUR/USD daily chart
On the daily chart, the Euro is trading in a bear trend below the 200-day simple moving average (DMA). This Friday, the spot is challenging one more time the October highs near 1.1179 level.
EUR/USD four-hour chart
EUR/USD, on the four-hour chart, is trading above the main SMAs suggesting a bullish momentum in the medium term. The level to beat for bulls is the 1.1165 resistance. If conclusively broken the market can move towards 1.1181/1.1193, 1.1220 and 1.1255 resistances on the way up, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is trading above its main SMAs on the 30-minute chart, suggesting a bullish bias in the near term. Support is seen at the 1.1150, 1.1133 and 1.1113/20 price levels.
Additional key levels
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