EUR/USD is starting the week mixed although marginally lower. Immediate support can emerge near 1.0887 level. EUR/USD daily chart EUR/USD is trading below the main SMAs on the daily chart while the market is consolidating the latest bear leg to the 1.0800 figure. EUR/USD four-hour chart The fiber consolidates below the 200 SMA suggesting a bearish bias in the medium term. However, the spot keeps grinding up above the 1.0900 handle and the 50/100 SMAs while capped for now below the 1.0932 resistance. Further up lie the 1.0977 and 1.1012 resistance levels. Bears would be looking for a daily close below the 1.0887 support level in order to gather traction towards the 1.0841 and 1.0800 price levels, according to the Technical Confluences Indicator. Resistance: 1.0932, 1.0977, 1.1012 Support: 1.0887, 1.0841, 1.0800 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 Litecoin Price Forecast: LTC/USD failure to regain $50 has proven to be punishing FX Street 2 years EUR/USD is starting the week mixed although marginally lower. Immediate support can emerge near 1.0887 level. EUR/USD daily chart EUR/USD is trading below the main SMAs on the daily chart while the market is consolidating the latest bear leg to the 1.0800 figure. EUR/USD four-hour chart The fiber consolidates below the 200 SMA suggesting a bearish bias in the medium term. However, the spot keeps grinding up above the 1.0900 handle and the 50/100 SMAs while capped for now below the 1.0932 resistance. Further up lie the 1.0977 and 1.1012 resistance levels. Bears would be looking… 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.
