EUR/USD is under pressure in the New York session trading at its lowest since last Friday. The level to beat for bears is the 1.1000 handle. EUR/USD daily chart On the daily chart, the common currency is trading in a bear trend below its main simple moving averages (DSMAs). However, last week, the Fiber broke above a multi-week trendline. Earlier in the Europen session, the German Zew survey came better-than-expected at -22.8 vs -27 for October. EUR/USD four-hour chart The Euro is trading above the main SMAs, suggesting bullish momentum in the medium term. EUR/USD is consolidating last week’s gains above the 1.1000 figure and the 200 SMA. The 1.1025 resistance is the level to beat for bulls if they intend to reach the 1.1067 resistance on the way up, according to the Technical Confluences Indicator. EUR/USD 30-minute chart The Fiber is under pressure below its main SMAs. However, a daily close below the 1.1000 handle would be a stronger confirmation that the short term bias might have switched to bearish. 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 US Dollar Index clings to daily gains around 98.50 FX Street 4 years EUR/USD is under pressure in the New York session trading at its lowest since last Friday. The level to beat for bears is the 1.1000 handle. EUR/USD daily chart On the daily chart, the common currency is trading in a bear trend below its main simple moving averages (DSMAs). However, last week, the Fiber broke above a multi-week trendline. Earlier in the Europen session, the German Zew survey came better-than-expected at -22.8 vs -27 for October. EUR/USD four-hour chart The Euro is trading above the main SMAs, suggesting bullish momentum in the… 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.
