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  • This Monday, the Euro extended the correction up which started last week.  
  • Resistances are seen at the 1.1075 and 1.1110 levels.    

EUR/USD daily chart

The Fiber, on the daily chart, is trading in a downtrend below downward sloping 100 and 200-day simple moving averages (DMAs). This Monday, the market extended the correction, which started last week.  

EUR/USD four-hour chart

The spot is trading near the 1.1075 resistance and above the 50 and 200 SMAs. If there is a follow-through on Tuesday, the correction up could reach the 1.1110 and 1.1150 levels, according to the Technical Confluences Indicator.  

EUR/USD 30-minute chart

EUR/USD is retracing down while above its main SMAs, suggesting a bullish bias in the near term. Support is seen at the 1.1050, 1.1032 and 1.1016 price levels.

Additional key levels