EUR/USD ends the week on its low tick. The level to beat for bears is the 1.1014 support. EUR/USD weekly chart On the weekly chart, the market is trading in a bear trend below the main weekly simple moving averages (SMAs). This week EUR/USD rejected the 1.1100 handle. EUR/USD daily chart EUR/USD, on the daily chart, is trading in a downtrend below downward sloping 100 and 200-day simple moving averages (DMAs). This Friday, the market hit fresh weekly lows helped by the upbeat US data. The US Markit Manufacturing PMI in November (preliminary) improved to 52.2 vs. 51.5 expected. EUR/USD four-hour chart The market is challenging the 1.1014 support level while below the main SMAs on the four-hour time frame. Bears are likely back in control. The decline could extend towards 1.1000, followed by 1.0968 and 1.0945 price levels, according to the Technical Confluences Indicator. 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 TRX/USD Technical Analysis: The long term picture is not as bearish as bitcoin FX Street 3 years EUR/USD ends the week on its low tick. The level to beat for bears is the 1.1014 support. EUR/USD weekly chart On the weekly chart, the market is trading in a bear trend below the main weekly simple moving averages (SMAs). This week EUR/USD rejected the 1.1100 handle. EUR/USD daily chart EUR/USD, on the daily chart, is trading in a downtrend below downward sloping 100 and 200-day simple moving averages (DMAs). This Friday, the market hit fresh weekly lows helped by the upbeat US data. The US Markit Manufacturing PMI in November (preliminary) improved to… 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.
