EUR/USD starts the week with a modest advance to the 1.1070 level. EUR/USD is currently correcting the early November decline. Resistance is seen at 1.1075, followed by the 1.1110 level. 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). Last week the spot corrected to the upside and moved above the 50 DMA today at 1.1041. The market also neared the 1.1060 level, which is the 38.2 Fibonacci retracement from the current November drop. EUR/USD four-hour chart The Fiber is correcting up as it moved beyond the 50 SMA. The market is trading below the 1.1075 resistance near the 200 SMA. If the market is able to overcome this level, the next level of resistance might come in at the 1.1110 and 1.1150 levels. Further up lie the 1.1190 resistance. EUR/USD 30-minute chart EUR/USD is trading in a tight range above its main SMAs, suggesting a bullish bias in the near term. Support is seen at the 1.1050, 1.1032 and 1.1016 support levels. Further down, 1.0986 is likely the level to beat for bears to resume the bear trend. 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 GBP/USD has more room to fall as Boris goes left Yohay Elam 3 years EUR/USD starts the week with a modest advance to the 1.1070 level. EUR/USD is currently correcting the early November decline. Resistance is seen at 1.1075, followed by the 1.1110 level. 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). Last week the spot corrected to the upside and moved above the 50 DMA today at 1.1041. The market also neared the 1.1060 level, which is the 38.2 Fibonacci retracement from the current November drop. EUR/USD four-hour chart… 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.
