EUR/USD is easing from three-week highs in the New York session. The US Core Consumer Price Index (CPI) matched analysts’ expectations at 2.4% YoY. Earlier in Europe, the European Central Bank’s (ECB) minutes showed opposition to QE, sending EUR/USD above the 1.1000 figure. EUR/USD daily chart On the daily chart, the common currency is trading in a bear trend below the main daily simple moving averages (DSMAs). Earlier in Europe, the European Central Bank’s (ECB) minutes showed opposition to QE sending EUR/USD above the 1.1000 figure while in the New York session, the US Core Consumer Price Index (CPI) came out at 2.4% YoY matching forecasts. EUR/USD four-hour chart EUR/USD is correcting slightly below 1.1025 resistance. The market is trading above its main SMAs, suggesting bullish momentum in the medium term. If the market holds above the 1.1000/1.1025 zone, the market can attempt to reach the 1.1080 on the way up, according to the Technical Confluences Indicator. EUR/USD 30-minute chart EUR/USD is trading above the main SMAs, suggesting bullish momentum in the near term. Support can be seen at the 1.1000 and 1.0976 support level. A daily close below the 1.1000 figure would alleviate the short term bullish bias. 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 USD/CAD slumps to 1.3270 area as oil recovery gathers momentum FX Street 4 years EUR/USD is easing from three-week highs in the New York session. The US Core Consumer Price Index (CPI) matched analysts' expectations at 2.4% YoY. Earlier in Europe, the European Central Bank's (ECB) minutes showed opposition to QE, sending EUR/USD above the 1.1000 figure. EUR/USD daily chart On the daily chart, the common currency is trading in a bear trend below the main daily simple moving averages (DSMAs). Earlier in Europe, the European Central Bank's (ECB) minutes showed opposition to QE sending EUR/USD above the 1.1000 figure while in the New York session, 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.
