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  • EUR/USD is ending Wednesday near the weekly lows.  
  • The level to beat for sellers is the 1.1080 support followed by the 1.1062 level.
 
 

EUR/USD daily chart

 
On the daily time-frame, the single currency is trading in a bear trend below its daily simple moving averages (DSMAs). The market is down for the third day in a row.

EUR/USD 4-hour chart

 
The Fiber is slowly drifting lower below the main SMAs. Bears have a daily close below the 1.1080 support which is seen as bearish and opens the prospects for a move down towards 1.1062 and 1.1033 levels, according to the Technical Confluences Indicator.
   
   

EUR/USD 30-minute chart

 
EUR/USD is trading below the main SMAs, suggesting a bearish momentum in the near term. Immediate resistance is seen at 1.1080, 1.1098 and  1.1117 levels, according to the Technical Confluences Indicator.  
 
   

Additional key levels