EUR/USD is under pressure in the New York session. The market is challenging the 1.1047 support level. US Markit Manufacturing PMI in November (preliminary) improves to 52.2 vs. 51.5 expected. EUR/USD daily chart EUR/USD, on the daily time frame, is trading in a bear trend below downward sloping 100 and 200-day simple moving averages (DMAs). This Friday, the market is trading at fresh weekly lows helped by the upbeat US data. US Markit Manufacturing PMI in November (preliminary) improves to 52.2 vs. 51.5 expected. EUR/USD four-hour chart The market is challenging the 1.1047 support level and the 50 SMA on the four-hour time frame. A daily close below the level would likely be a strong indication that bears are back in control. The decline could extend towards 1.1014/1.1000 zone followed by 1.0968 and 1.0945 price levels, according to the Technical Confluences Indicator. EUR/USD 30-minute chart The fiber is trading below the main SMAs, suggesting a bearish bias in the near term. The main resistances on the way up are the 1.1075 level followed by 1.1106 and the 1.1152 levels, according to the Technical Confluences Indicator. However, a breakout above the 1.1106 level on a daily basis could flip EUR/USD to bullish. 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 China outpacing its peers with the number of blockchain patent submissions FX Street 3 years EUR/USD is under pressure in the New York session. The market is challenging the 1.1047 support level. US Markit Manufacturing PMI in November (preliminary) improves to 52.2 vs. 51.5 expected. EUR/USD daily chart EUR/USD, on the daily time frame, is trading in a bear trend below downward sloping 100 and 200-day simple moving averages (DMAs). This Friday, the market is trading at fresh weekly lows helped by the upbeat US data. US Markit Manufacturing PMI in November (preliminary) improves to 52.2 vs. 51.5 expected. EUR/USD four-hour chart The market is challenging the 1.1047 support level… 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.
