EUR/USD is nearing 4-day’s lows as US Retail Sales drop. The level to beat for bears is the 1.0849 support. EUR/USD daily chart EUR/USD is nearing 4-day lows while trading below the main SMAs on the daily chart. The market seems unable to capitalize on last week’s gains. On the macroeconomic front, US Retail Sales plummet by 8.7% in March. EUR/USD four-hour chart The fiber is tumbling down while trading below its main SMAs as the market failed to break above the 1.1000 figure. The current weakness can see the quote continuing on its downward trajectory with bears setting their eyes on the 1.0849 support followed by the 1.0770 and 1.0700 levels. On the flip side, resistance can emerge near 1.0875, 1.0929 and 1.0970 levels, according to the Technical Confluences Indicator. Resistance: 1.0875, 1.0929, 1.0970 Support: 1.0849, 1.0770, 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 USD/JPY refreshes session tops, climbs above mid-107.00s FX Street 2 years EUR/USD is nearing 4-day’s lows as US Retail Sales drop. The level to beat for bears is the 1.0849 support. EUR/USD daily chart EUR/USD is nearing 4-day lows while trading below the main SMAs on the daily chart. The market seems unable to capitalize on last week’s gains. On the macroeconomic front, US Retail Sales plummet by 8.7% in March. EUR/USD four-hour chart The fiber is tumbling down while trading below its main SMAs as the market failed to break above the 1.1000 figure. The current weakness can see the quote continuing on its downward trajectory with… 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.
