EUR/USD is trading just above the 1.1020 level as the New York session comes to an end. The key level to beat for bears is the 1.0996 support. EUR/USD daily chart On the daily chart, the euro/dollar currency pair is trading in a downtrend below its main daily simple moving averages (DMAs). This Tuesday, the market climbed above the 1.1020 resistance. EUR/USD four-hour chart The market is correcting the recent losses above the November lows while staying under selling pressure below its main SMAs. The key support to break for sellers is likely located near the 1.0996 level near the current monthly low. If bears can break this level, the market could decline towards the 1.0969 and 1.0910 price levels, according to the Technical Confluences Indicator. EUR/USD 30-minute chart EUR/USD is trading above the 1.1020 resistance and the 50/100 SMAs, suggesting that the market is correcting up. A daily close above the 1.1035/1.1049 resistance zone could question the bear case in the near term. 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 RBNZ’s Orr: A few large banks having access to offshore funding is “something we have to watch” FX Street 3 years EUR/USD is trading just above the 1.1020 level as the New York session comes to an end. The key level to beat for bears is the 1.0996 support. EUR/USD daily chart On the daily chart, the euro/dollar currency pair is trading in a downtrend below its main daily simple moving averages (DMAs). This Tuesday, the market climbed above the 1.1020 resistance. EUR/USD four-hour chart The market is correcting the recent losses above the November lows while staying under selling pressure below its main SMAs. The key support to break for sellers… 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.
