The Euro remains on the back foot as the week is coming to an end. The level to beat for bears 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). EUR/USD is about to register its worst weekly decline since late September this year. EUR/USD four-hour chart The Fiber, on the four-hour chart, is trading above the 100 and 200 SMAs. However, the spot is retracing down, trading below the 50 SMA. In order to confirm the correction, sellers should break below the 1.1105/1.1092 support zone on a daily closing basis. A successful break below this area could send the Euro to the 1.1090 and 1.1065 price levels, according to the Technical Confluences Indicator. EUR/USD 30-minute chart The exchange rate is trading below the main SMAs on the 30-minute chart, suggesting bearish bias in the near term. Resistance can be seen at the 1.1092/1.1120 and 1.1135 price level. 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 Bitcoin smashes 8K to the upside FX Street 3 years The Euro remains on the back foot as the week is coming to an end. The level to beat for bears 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). EUR/USD is about to register its worst weekly decline since late September this year. EUR/USD four-hour chart The Fiber, on the four-hour chart, is trading above the 100 and 200 SMAs. However, the spot is retracing down, trading below the 50 SMA. In… 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.
