EUR/USD is trading near the 1.1065 resistance after the London close. Risk-on market mood and Brexit optimism are giving EUR/USD a boost. The Michigan Consumer Sentiment Index came out better-than-expected at 96 vs 92 for October. EUR/USD daily chart On the daily chart, the common currency is trading in a bear trend below the 100 and 200-day simple moving averages (DSMAs). The spot is breaking above a multi-week trendline and the 50 SMA. On the macroeconomic front, the Michigan Consumer Sentiment Index came out better-than-expected at 96 vs 92 for October, having little to no effect on EUR/USD. EUR/USD four-hour chart The market is trading above its main SMAs, suggesting bullish momentum in the medium term. EUR/USD is consolidating the recent gains below the 1.1065 resistance as bulls are in control. A break above this level can expose the 1.1110 resistance, according to the Technical Confluences Indicator. EUR/USD 30-minute chart The Fiber is trading above its main SMAs, suggesting bullish momentum in the near term. Support can be seen at the 1.1025/07 zone and the 1.0972 price level. 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 Forex News Today: Daily Trading News share Read Next Fed’s Rosengren: Policymakers can be patient before deciding whether to take more action FX Street 4 years EUR/USD is trading near the 1.1065 resistance after the London close. Risk-on market mood and Brexit optimism are giving EUR/USD a boost. The Michigan Consumer Sentiment Index came out better-than-expected at 96 vs 92 for October. EUR/USD daily chart On the daily chart, the common currency is trading in a bear trend below the 100 and 200-day simple moving averages (DSMAs). The spot is breaking above a multi-week trendline and the 50 SMA. On the macroeconomic front, the Michigan Consumer Sentiment Index came out better-than-expected at 96 vs 92 for October, having little to no effect… 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.
