- The US Dollar is slightly up as US stock indices are trading at daily highs.
- The level to beat for bears is the 1.1174 critical support.
EUR/USD daily chart
EUR/USD is in consolidation mode while being capped by the 1.1253 resistance and the 50/100 -day simple moving averages (DSMAs). The greenback price action is mainly dictated by the US equity market and trade war developments. US stocks are gaining momentum trading at daily highs. Earlier in the London session, EUR has been dragged down by worries about Italian politics.
EUR/USD 4-hour chart
The market is rejecting advances above the 1.1220 resistance and the 200 SMA, suggesting potential weakness in the medium term. Bears are looking for a clear break below 1.1774 critical support. If the breakdown is successful, Fiber could re-visit 1.1138 and 1.1105 on the way down, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
The market is in the middle of its daily range below the 50 SMAs, suggesting a correction down in the short term. Bulls would need a daily close above 1.1253 resistance to resume the bull trend and reach 1.1282 resistance to the upside.
Additional key levels
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