EUR/USD is ending its fourth day of consolidation. The key level to beat for sellers is the 1.1020 support level. EUR/USD daily chart On the daily time-frame, the single currency is trading in a bear trend below the main daily simple moving averages (DSMAs). This Tuesday, the market has been consolidating for the fourth consecutive day ahead of Wednesday’s Producer Price Index in the United States and most importantly the European Central Bank (ECB) meeting taking place on Thursday. EUR/USD four-hour chart EUR/USD is in a range between the 1.1020 and 1.1073 price level. The Euro is trading below the descending 100 and 200 SMAs, suggesting bearish momentum in the medium term. Bears will be looking for a break of the 1.1020 support to potentially drive the market south towards 1.0990 and 1.0964 price levels, according to the Technical Confluences Indicator. EUR/USD 30-minute chart EUR/USD is trading in a very tight range as the spot spent most of the day between the SMAs. In order to attract further buying interest, the bulls would need a daily close above 1.1073 resistance. 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 NZD/USD: Flat-lined around 0.6425 amid a lack of fresh clues FX Street 4 years EUR/USD is ending its fourth day of consolidation. The key level to beat for sellers is the 1.1020 support level. EUR/USD daily chart On the daily time-frame, the single currency is trading in a bear trend below the main daily simple moving averages (DSMAs). This Tuesday, the market has been consolidating for the fourth consecutive day ahead of Wednesday's Producer Price Index in the United States and most importantly the European Central Bank (ECB) meeting taking place on Thursday. EUR/USD four-hour chart EUR/USD is in a range between the 1.1020 and 1.1073 price 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.
