EUR/USD reversed earlier intraday gains on Thursday. The level to beat for sellers is the 1.1043 support. EUR/USD daily chart Euro/Dollar, on the daily chart, is trading in a bear trend below downward sloping 100 and 200-day simple moving averages (DMAs). This Thursday, the market rejected the 1.1100 handle in the New York session. EUR/USD four-hour chart The spot is trading below the 1.1077 resistance and the 100/200 SMAs on the four-hour time frame. The false bull breakout would gain credibility if the market closed below the 1.1043 on a daily closing basis. The primary levels to watch on the way down are likely located at the 1.1020, 1.0997 price levels, according to the Technical Confluences Indicator. EUR/USD 30-minute chart The fiber is trading below its main SMAs, suggesting a bearish momentum in the near term. The main resistances on the way up are the 1.1077, 1.1106 and the 1.1152 levels, according to the Technical Confluences Indicator. However, a daily close above the 1.1106 level would be seen as bullish for EUR/USD. 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/JPY edges higher toward 108.70 as 10-year T-bond yield extends rally FX Street 3 years EUR/USD reversed earlier intraday gains on Thursday. The level to beat for sellers is the 1.1043 support. EUR/USD daily chart Euro/Dollar, on the daily chart, is trading in a bear trend below downward sloping 100 and 200-day simple moving averages (DMAs). This Thursday, the market rejected the 1.1100 handle in the New York session. EUR/USD four-hour chart The spot is trading below the 1.1077 resistance and the 100/200 SMAs on the four-hour time frame. The false bull breakout would gain credibility if the market closed below the 1.1043 on a daily closing basis. 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.
