EUR/USD rebound is losing steam as the market is retracing down from the 1.0900 figure. The level to beat for bears is the 1.0840 support. 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. EUR/USD four-hour chart EUR/USD is consolidating the last bear leg started in late March as the spot is trading below the main SMAs suggesting a negative bias in the medium term. Bears are looking for a break below the 1.0840 level while resistnce can be seen near 1.0916 and 1.0965 levels according to the Technical Confluences indicator. Resistance: 1.0916, 1.0965, 1.1000 Support: 1.0840, 1.0780, 1.0735 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 Fed’s Barkin: Hard to imagine US going back to work until infection numbers drop FX Street 2 years EUR/USD rebound is losing steam as the market is retracing down from the 1.0900 figure. The level to beat for bears is the 1.0840 support. 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. EUR/USD four-hour chart EUR/USD is consolidating the last bear leg started in late March as the spot is trading below the main SMAs suggesting a negative bias in the medium term. Bears are looking for a break below the 1.0840 level while resistnce can be seen near 1.0916… 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.
