- EUR/USD is trading near 1.1080 after the London close.
- Earlier, the Retail Sales Control Group in the United States disappoints at 0% vs 0.3% in September, adding to the negative sentiment on the US Dollar.
- The Fiber is trading at levels not seen since mid-September.
EUR/USD daily chart
On the daily chart, the shared currency is trading in a bear trend below the 100 and 200-day simple moving averages (DSMAs). The Euro is trading at levels not seen since mid-September. Additionally, the Retail Sales Control Group in the United States came out below expectations at 0% vs 0.3% for September, adding to the negative sentiment on the Greenback.
EUR/USD four-hour chart
The Fiber is trading above its main SMAs, suggesting bullish momentum in the medium term. EUR/USD is trying to settle above the 1.1069 resistance. A daily close above the level can lead to further gains towards the 1.1100 level, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is trading above its main SMAs, suggesting bullish momentum in the near term. Support can be seen at the 1.1046 and 1.1020 price levels.
Additional key levels
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