EUR/USD is trading in the 1.1020/1.1073 range ahead of the European Central Bank (ECB) meeting on Thursday. The key level to beat for bears is the 1.1020 support level. 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 consolidating for its fourth consecutive day ahead of Thursday’s European Central Bank (ECB) meeting. EUR/USD four-hour chart EUR/USD keeps consolidating last week’s run-up in the 1.1020/1.1073 range. The Fiber is trading below the downward sloping 100 and 200 SMAs, suggesting bearish momentum in the medium term. Sellers will be looking for a break below 1.1020 support to potentially drive the market towards 1.0990 and 1.0964 price levels, according to the Technical Confluences Indicator. EUR/USD 30-minute chart EUR/USD is trading in a tight range as it has spent most of the day between its SMAs. All-in-all suggesting a sideways market in the short term. Buyers would likely need a daily close above 1.1073 to attract further buying interest. 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 USD/CHF taking a breather as markets shift attentions to central banks FX Street 4 years EUR/USD is trading in the 1.1020/1.1073 range ahead of the European Central Bank (ECB) meeting on Thursday. The key level to beat for bears is the 1.1020 support level. 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 consolidating for its fourth consecutive day ahead of Thursday's European Central Bank (ECB) meeting. EUR/USD four-hour chart EUR/USD keeps consolidating last week's run-up in the 1.1020/1.1073 range. The Fiber is trading below the downward sloping 100 and 200 SMAs, suggesting… 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.
