EUR/USD lost some ground during the ECB press conference this Thursday. The level to beat for bears is the 1.1105/1.1092 support zone. EUR/USD daily chart On the daily chart, the single currency is trading in a bear trend below its 100 and 200-day simple moving averages (DMAs). This Thursday, Mario Draghi presided its last European Central Bank (ECB) meeting. As expected, there was no change in monetary policy but Draghi remained dovish, sending EUR/USD to 1.1100. EUR/USD four-hour chart The Euro, on the four-hour chart, is trading above the 100 and 200 SMAs.However, the market is pulling back down, challenging the 50 SMA. In order to extend the correction, bears need to break below the 1.1105/1.1092 support zone on a daily basis. A break below this area could see the 1.1090 and 1.1065 price levels becoming new targets, according to the Technical Confluences Indicator. EUR/USD 30-minute chart The Euro is trading below its main SMAs on the 30-minute chart, suggesting bearish momentum in the near term. Resistance can be seen at the 1.1120 and 1.1135 price level. Those resistances might be revisited on Friday. 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 Wall Street ends mixed on busy earnings season, DJIA lowest low in consecutive daily losses FX Street 3 years EUR/USD lost some ground during the ECB press conference this Thursday. The level to beat for bears is the 1.1105/1.1092 support zone. EUR/USD daily chart On the daily chart, the single currency is trading in a bear trend below its 100 and 200-day simple moving averages (DMAs). This Thursday, Mario Draghi presided its last European Central Bank (ECB) meeting. As expected, there was no change in monetary policy but Draghi remained dovish, sending EUR/USD to 1.1100. EUR/USD four-hour chart The Euro, on the four-hour chart, is trading above the 100 and 200 SMAs.However,… 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.
