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  • EUR/USD is back into familiar ranges below the 1.1000 handle.  
  • The level to beat for bears is the 1.0940 support, followed by the 1.0910 level.
  • The FOMC Minutes are scheduled at 18:00 GMT.  
 
 

EUR/USD daily chart

 
 

On the daily chart, the shared currency is trading in a bear trend below the main daily simple moving averages (DSMAs). The Greenback lost momentum in the European session. The FOMC Minutes scheduled at 18:00 GMT can lead to volatility.  

 
 
 

EUR/USD four-hour chart

 

EUR/USD is back into the 1.0960/1.0985 range while trading below the 100 SMA on the four-hour chart. A retest of the 1.0960/40 support remains on the cards as long as the market stays contained below the 1.1000 handle, according to the Technical Confluences Indicator.

 

EUR/USD 30-minute chart

 
 
EUR/USD is off the daily highs, currently finding no acceptance above the 1.0985 resistance. A daily close above the 1.1000 figure would be needed to neutralise the downside bias.  
 

Additional key levels