Broad-based USD weakness is lifting the Euro for the second consecutive day. The level to beat for bulls is at the 1.1020 resistance level. EUR/USD daily chart On the daily time-frame, the common currency is trading in a bear trend below the main daily simple moving averages (DSMAs). On Tuesday, the US ISM Manufacturing PMI dropped to three-year low at 49.1. The data triggered broad-based USD weakness. Earlier in the London session, European Central Bank’s (ECB) nominated President Christine Lagarde made some dovish comments, however EUR didn’t have a bearish reaction. EUR/USD 4-hour chart EUR/USD is challenging the 1.1020 resistance as the market is trading below the main SMAs. Bears will need to reclaim the 1.0997 and 1.0968 levels if they want to resume the bear trend, according to the Technical Confluences Indicator. EUR/USD 30-minute chart EUR/USD is trading above the 1.0997 support level and the main SMAs, suggesting a correction up in the near term. If bulls overcome 1.1020 resistance, the market could correct to 1.1042 and 1.1073 resistances, 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 USD/CAD plummets below 1.3300 handle, fresh lows post-BoC FX Street 4 years Broad-based USD weakness is lifting the Euro for the second consecutive day. The level to beat for bulls is at the 1.1020 resistance level. EUR/USD daily chart On the daily time-frame, the common currency is trading in a bear trend below the main daily simple moving averages (DSMAs). On Tuesday, the US ISM Manufacturing PMI dropped to three-year low at 49.1. The data triggered broad-based USD weakness. Earlier in the London session, European Central Bank's (ECB) nominated President Christine Lagarde made some dovish comments, however EUR didn't have a bearish reaction. EUR/USD 4-hour chart EUR/USD is… 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.
