Broad-based USD strength is pushing the EUR/USD down near three-month lows. The level to beat for sellers is the 1.0930 support. EUR/USD daily chart EUR/USD is trading in a weak bear trend below the main simple moving averages (SMAs) as the spot rejected a bullish trendline from October 2019. The euro stays weak below its 200 SMA/1.1100 zone. EUR/USD four-hour chart EUR/USD is trading in a downward channel below its main SMAs while challenging the 1.0993 support. As the euro remains fragile, a break below the above-mentioned level is likely to lead to further weakness towards the 1.0959 and 1.0930 levels, according to the Technical Confluences Indicator. Resistances are seen near the 1.1016, 1.1051 and 1.1085 levels. Resistance: 1.1016 1.1051, 1.1085 Support: 1.0993, 1.0959, 1.0930 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 USD/JPY consolidates daily gains below 110 FX Street 2 years Broad-based USD strength is pushing the EUR/USD down near three-month lows. The level to beat for sellers is the 1.0930 support. EUR/USD daily chart EUR/USD is trading in a weak bear trend below the main simple moving averages (SMAs) as the spot rejected a bullish trendline from October 2019. The euro stays weak below its 200 SMA/1.1100 zone. EUR/USD four-hour chart EUR/USD is trading in a downward channel below its main SMAs while challenging the 1.0993 support. As the euro remains fragile, a break below the above-mentioned level is likely to lead to further weakness towards… 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.
