EUR/USD is correcting after a massive drop in the last days. The level to beat for bears is the 1.0852 support. EUR/USD daily chart EUR/USD almost reached the 2020 low at 1.0777 this Wednesday as the market hit 1.0801 intraday on broad-based USD strength. EUR/USD four-hour chart The spot is rebounding slightly from the 1.0800 figure, however, the bearish pressure should remain unabated especially below the 1.0942/76 resistance zone and the 1.1050 level near the 200 SMA. Bears are looking for a break below the 1.0852 level which would introduce scope for a move down to the 1.0783 and 1.0700 price levels according to the Technical Confluences Indicator. Resistance: 1.0942, 1.0976, 1.1050 Support: 1.0852, 1.0783, 1.0700 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 AUD/USD: Pressured near multi-year low, under 0.5800, ahead of Aussie jobs report, RBA FX Street 2 years EUR/USD is correcting after a massive drop in the last days. The level to beat for bears is the 1.0852 support. EUR/USD daily chart EUR/USD almost reached the 2020 low at 1.0777 this Wednesday as the market hit 1.0801 intraday on broad-based USD strength. EUR/USD four-hour chart The spot is rebounding slightly from the 1.0800 figure, however, the bearish pressure should remain unabated especially below the 1.0942/76 resistance zone and the 1.1050 level near the 200 SMA. Bears are looking for a break below the 1.0852 level which would introduce scope for a move down to… 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.
