EUR/USD is moving up slowly on Good Friday’s low volatility. Resistance is seen in the 1.0978/1.1000 price zone. EUR/USD daily chart EUR/USD is rebounding from the 1.0800 figure while trading below its main SMA (simple moving average) on the daily chart. This week, the Fed announced the injection of $2.3 trillion in additional loans while US jobless claims soared above 6.6 million. EUR/USD four-hour chart EUR/USD is consolidating below the 200 SMA suggesting a bearish bias in the medium term. However, the spot is grinding up while nearing the 1.0978/1.1000 resistance zone. Further up lie the 1.1050 resistance. Sellers, on the other hand, would need a daily close below the 1.0910 support level to gather traction towards the 1.0890 and 1.0842 price levels, according to the Technical Confluences Indicator. Resistance: 1.0978, 1.1000, 1.1050 Support: 1.0910, 1.0890, 1.0842 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 Price Analysis: Euro stays capped below the 118.75 resistance FX Street 2 years EUR/USD is moving up slowly on Good Friday’s low volatility. Resistance is seen in the 1.0978/1.1000 price zone. EUR/USD daily chart EUR/USD is rebounding from the 1.0800 figure while trading below its main SMA (simple moving average) on the daily chart. This week, the Fed announced the injection of $2.3 trillion in additional loans while US jobless claims soared above 6.6 million. EUR/USD four-hour chart EUR/USD is consolidating below the 200 SMA suggesting a bearish bias in the medium term. However, the spot is grinding up while nearing the 1.0978/1.1000 resistance zone. Further up lie… 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.
