EUR/USD weakness is likely to continue for the remainder of the New York session. The level to beat for sellers is the 1.1016 support. EUR/USD daily chart The euro is trading in a weak downtrend below its main simple moving averages (SMAs) as the spot rejected an ascending trendline from October 2019. EUR/USD remains weak below the 200 SMA/1.1100 zone as it is probably set to enter a triangle consolidation in the near future. EUR/USD four-hour chart EUR/USD is trading in a bear channel below the main SMAs while challenging the 1.1016 support. As the euro remains on the backfoot, a break below the above-mentioned level is likely to lead to further weakness towards the 1.0993 and 1.0959 levels, according to the Technical Confluences Indicator. Resistances are seen near the 1.1051, 1.1085 and 1.1100 levels. Resistance: 1.1051, 1.1085, 1.1100 Support: 1.1016, 1.0993, 1.0959 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 extends recovery beyond 0.6760 on Wednesday FX Street 2 years EUR/USD weakness is likely to continue for the remainder of the New York session. The level to beat for sellers is the 1.1016 support. EUR/USD daily chart The euro is trading in a weak downtrend below its main simple moving averages (SMAs) as the spot rejected an ascending trendline from October 2019. EUR/USD remains weak below the 200 SMA/1.1100 zone as it is probably set to enter a triangle consolidation in the near future. EUR/USD four-hour chart EUR/USD is trading in a bear channel below the main SMAs while challenging the 1.1016 support. As the euro… 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.
