EUR/USD is drifting below the 1.1098 level as the New York session comes to an end. The level to beat for sellers is at the 1.1080 support. EUR/USD daily chart On the daily time-frame, the common currency is trading in a bear trend below its main daily simple moving averages (DSMAs). The market is down for the second day in a row. EUR/USD 4-hour chart Fiber is about to close Tuesday below the 1.1098 level. If the sellers keep the pressure on, the market may decline towards the 1.1080 and 1.1052 levels, according to the Technical Confluences Indicator. EUR/USD 30-minute chart EUR/USD is trading, near the daily lows below the main SMAs suggesting a bearish momentum in the near term. The bears’ move lacks commitment; therefore, it remains to be seen how the sellers will sustain the current move on Wednesday. A move back above 1.1098 could be seen as a sign of bearish weakness in the short term. Immediate resistance is seen at 1.1098, 1.1117 and 1.1134 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 Major crypto resource Coinmarketcap announce a new liquidity ranking system FX Street 4 years EUR/USD is drifting below the 1.1098 level as the New York session comes to an end. The level to beat for sellers is at the 1.1080 support. EUR/USD daily chart On the daily time-frame, the common currency is trading in a bear trend below its main daily simple moving averages (DSMAs). The market is down for the second day in a row. EUR/USD 4-hour chart Fiber is about to close Tuesday below the 1.1098 level. If the sellers keep the pressure on, the market may decline towards the 1.1080 and 1.1052 levels, according to 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.
