EUR/USD is consolidating above the 1.0970 support level on broad-based USD strength. EUR/USD is trading at two-week’s lows while registering its largest daily drop since June 2018. EUR/USD daily chart The euro is trading at its lowest in two weeks while below its main SMAs. DXY (US dollar index) rose to the upside while pushing EUR/USD down recording its largest daily decline since June 2018. EUR/USD four-hour chart EUR/USD is consolidating Tuesday’s drop near the 1.1000 figure while just below the 200 SMA on the four-hour chart. As the sellers remain in control a break below the 1.0970 support can extend losses towards the 1.0885 and 1.0850 price levels. Resistance is seen near the 1.1016, 1.1073 and 1.1100 levels, according to the Technical Confluences Indicator. Resistance: 1.1016, 1.1073, 1.1100 Support: 1.0970, 1.0885, 1.0850 Additional key levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitfinex lists its first-ever crypto hedge fund FX Street 2 years EUR/USD is consolidating above the 1.0970 support level on broad-based USD strength. EUR/USD is trading at two-week’s lows while registering its largest daily drop since June 2018. EUR/USD daily chart The euro is trading at its lowest in two weeks while below its main SMAs. DXY (US dollar index) rose to the upside while pushing EUR/USD down recording its largest daily decline since June 2018. EUR/USD four-hour chart EUR/USD is consolidating Tuesday’s drop near the 1.1000 figure while just below the 200 SMA on the four-hour chart. As the sellers remain in control a break below… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
