- EUR/USD is gaining ground as the US Dollar is weakening
- The level to beat for sellers is the 1.1000 support level.
EUR/USD daily chart
On the daily chart, the common currency is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is challenging Monday’s highs.
EUR/USD four-hour chart
EUR/USD is trading below the main SMAs, suggesting a bearish bias in the medium term. A daily close above 1.1000 can expose the 1.1023/35 resistance zone and the 1.1075 price level, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
The market is trading between the 100 and 200 SMAs, suggesting a consolidation in the near term. To the downside, a break of the 1.1000 support can lead to the 1.0965 support (current weekly low) and the 1.0940 level (near the 2019 low), according to the Technical Confluences Indicator.
Additional key levels
Share
