EUR/USD is ending Monday within familiar ranges. The key level to beat for bears is the 1.1016 support level. EUR/USD daily chart On the daily time-frame, the single currency is trading in a bear trend below its main daily simple moving averages (DSMAs). The market has been consolidation for three days in a row. EUR/USD four-hour chart EUR/USD challenged the 1.1073 resistance and the 100 SMA as the buyers took control this Monday. However, the spot would need to overcome the 1.1073/1.1100 resistance zone on a daily closing basis to confirm a bullish reversal en route towards 1.1142, according to the Technical Confluences Indicator. EUR/USD 30-minute chart The Euro is trading within the range of the last two days. The market is trading above its main SMAs, suggesting bullish momentum in the short term. However, bulls will need a daily close above 1.1073 to attract further buying interest. On the other hand, a daily close below 1.1016 would be seen as bearish. Immediate support is at 1.1040 and 1.1016. Further down lies the 1.0965 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 AUD/USD takes the bids to 5-week high ahead of Australia/China data FX Street 4 years EUR/USD is ending Monday within familiar ranges. The key level to beat for bears is the 1.1016 support level. EUR/USD daily chart On the daily time-frame, the single currency is trading in a bear trend below its main daily simple moving averages (DSMAs). The market has been consolidation for three days in a row. EUR/USD four-hour chart EUR/USD challenged the 1.1073 resistance and the 100 SMA as the buyers took control this Monday. However, the spot would need to overcome the 1.1073/1.1100 resistance zone on a daily closing basis to confirm a bullish… 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.
