Last Friday’s spike is easing below the 1.1100 figure. The level to beat for bears is the 1.1060 support. EUR/USD daily chart EUR/USD is trading in a weak bear trend below the main simple moving averages (SMAs) as the market broke below an ascending trendline and is now testing as the market is bouncing. The spot remains weak below the 200 SMA/1.1200 zone and is more likely to enter a triangle consolidation in the next sessions. EUR/USD four-hour chart EUR/USD is trading in a descending channel below the 100/200 SMAs. The spot challenged the 1.1100 resistance and is now easing. A break below the 1.1060 support can see 1.1033 and 1.1000 figure revisited. On the flip, side a break above the 1.1100/1.1140 resistance zone would question the bear’s commitment, according to the Technical Confluences Indicator. Support: 1.1060, 1.1033, 1.1000 Resistance: 1.1080, 1.1100, 1.1140 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 EUR/JPY offered, fades the spike to 120.40 ahead of US ISM FX Street 2 years Last Friday's spike is easing below the 1.1100 figure. The level to beat for bears is the 1.1060 support. EUR/USD daily chart EUR/USD is trading in a weak bear trend below the main simple moving averages (SMAs) as the market broke below an ascending trendline and is now testing as the market is bouncing. The spot remains weak below the 200 SMA/1.1200 zone and is more likely to enter a triangle consolidation in the next sessions. EUR/USD four-hour chart EUR/USD is trading in a descending channel below the 100/200 SMAs. The spot challenged the 1.1100 resistance… 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.
