EUR/USD is picking up steam in the second half of the week. The correction can extend to the 1.1055/75 resistance zone. EUR/USD daily chart The Euro, on the daily chart, is trading in a bear trend below the 100 and 200 daily simple moving averages (DMAs). This Friday the market is correcting to the upside challenging the weekly high and the 50 DMA. EUR/USD four-hour chart The Fiber is correcting as its broke above the 50 SMA and is likely en route towards the 1.1055/75 resistance zone near the 200 SMA. EUR/USD 30-minute chart EUR/USD is trading above its main SMAs on the 30-minute chart, suggesting bullish momentum in the near term. Support is seen at the 1.1020 and 1.0995 price levels, according to the Technical Confluences Indicator. 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 Breaking: GBP/USD jumps over 1.29 as Brexit Party abandons 43 seats FX Street 3 years EUR/USD is picking up steam in the second half of the week. The correction can extend to the 1.1055/75 resistance zone. EUR/USD daily chart The Euro, on the daily chart, is trading in a bear trend below the 100 and 200 daily simple moving averages (DMAs). This Friday the market is correcting to the upside challenging the weekly high and the 50 DMA. EUR/USD four-hour chart The Fiber is correcting as its broke above the 50 SMA and is likely en route towards the 1.1055/75 resistance zone near the 200 SMA. … 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.
