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  • Brexit headlines pushed the Euro back above the 1.1000 handle.
  • Euro is on a rollercoaster, now stabilizing above the 1.1020 level.  

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 Euro got a boost as optimism over a  Brexit deal draft took over the market.

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 advance above the 1.1000 figure and the 200 SMA. A break of 1.1067 resistance can lead to 1.1100, 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 is seen at the 1.1020 and 1.1000 price levels. A daily close below the 1.1000 could be seen as a bearish sign in the near term.

Additional key levels