Search ForexCrunch
  • The market is consolidating the recent gains above the 1.1075 level.
  • Resistances can be seen at the 1.1110 and 1.1150 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).
 
 

EUR/USD four-hour chart

 
The market is trading above the 1.1075 level and the main SMAs. As the bullish pressure remains present above 1.1075, there is the potential for a move up to the 1.1110 and 1.1150 levels, according to the Technical Confluences Indicator.  
   
 

EUR/USD 30-minute chart

 
 
EUR/USD is trading above its main SMAs, suggesting a bullish bias in the near term. Support is seen at the 1.1075, 1.1050 and 1.1032 price levels.
 

 

Additional key levels