EUR/USD is trading at daily lows after the ECB rate announcement and press conference. EUR/USD is challenging Wednesday’s low near 1.1105 level. The level to beat for sellers is the 1.1105/1.1092 support zone. EUR/USD daily chart On the daily chart, the common currency is trading in a downtrend below its 100 and 200-day simple moving averages (DMAs). Mario Draghi presided its last European Central Bank (ECB) meeting. As expected, no change in monetary policy has been made. EUR/USD four-hour chart The Fiber, on the four-hour chart, is trading above its main SMAs, suggesting bullish momentum in the medium term. However, the market is retracing down, approaching Wednesday’s low and the 50 SMA at 1.1105. In order to extend the correction down, sellers need to overcome the 1.1105/1.1092 support zone. A break below this area can expose the 1.1090 and 1.1065 price levels, according to the Technical Confluences Indicator. EUR/USD 30-minute chart The Euro is trading below its main SMAs on the 30-minute chart, suggesting bearish momentum in the near term. Resistance can be seen at the 1.1120 and 1.1135 level, followed by 1.1165, 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 US: Outlook for capital spending remains weak – Wells Fargo FX Street 3 years EUR/USD is trading at daily lows after the ECB rate announcement and press conference. EUR/USD is challenging Wednesday's low near 1.1105 level. The level to beat for sellers is the 1.1105/1.1092 support zone. EUR/USD daily chart On the daily chart, the common currency is trading in a downtrend below its 100 and 200-day simple moving averages (DMAs). Mario Draghi presided its last European Central Bank (ECB) meeting. As expected, no change in monetary policy has been made. EUR/USD four-hour chart The Fiber, on the four-hour chart, is trading above its main 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.
