EUR/USD remains under heavy selling pressure near 34-month lows. The level to beat for bears is the 1.0793 support. Key resistance is seen near 1.0883 level. EUR/USD daily chart EUR/USD is trading in a downtrend below its main daily simple moving averages (SMAs) as the spot is under bearish pressure near 34-month lows. On Wednesday EUR/USD ended the day on the high tick however the buyers have more work to do in order to create a convincing recovery. EUR/USD four-hour chart Euro/Dollar broke below a bear channel while trading far away from its main SMAs on the four-hour chart. On the fourth day of the week, the spot remains under pressure near multi-year low as EUR/USD remains vulnerable below the 1.0793 level. Sellers can target the 1.0748 and 1.0725 levels on the way down. On the flip side, bulls want to recapture the 1.0838 level to trade towards a more solid resistance near 1.0883 level, according to the Technical Confluences Indicator. Resistance: 1.0838, 1.0883, 1.0917 Support: 1.0793, 1.0748, 1.0725 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 Gold: Real rate suppression behind structural bid – TDS FX Street 2 years EUR/USD remains under heavy selling pressure near 34-month lows. The level to beat for bears is the 1.0793 support. Key resistance is seen near 1.0883 level. EUR/USD daily chart EUR/USD is trading in a downtrend below its main daily simple moving averages (SMAs) as the spot is under bearish pressure near 34-month lows. On Wednesday EUR/USD ended the day on the high tick however the buyers have more work to do in order to create a convincing recovery. EUR/USD four-hour chart Euro/Dollar broke below a bear channel while trading far away from its main SMAs… 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.
