EUR/USD broke to three-week highs this Thursday as the European Central Bank’s (ECB) minutes showed opposition to QE (Quantitative Easing). In the United States, the Core Consumer Price Index (CPI) matched analysts’ expectations at 2.4% YoY and EUR/USD eased from daily highs. EUR/USD daily chart On the daily chart, the shared currency is trading in a bear trend below its main daily simple moving averages (DSMAs). This Thursday in Europe, the European Central Bank’s (ECB) minutes showed opposition to QE sending EUR/USD above the 1.1000 figure. However, in the New York session, the US Core Consumer Price Index (CPI) came out at 2.4% YoY matching forecasts and EUR/USD eased about 25 pips from daily highs. EUR/USD four-hour chart EUR/USD is consolidating the recent move up to the 1.1025 resistance. The spot is trading above its main SMAs, suggesting bullish momentum in the medium term. If the market holds above the 1.1000/1.1025 support zone, EUR/USD can attempt to run towards the 1.1080 level on the way up, according to the Technical Confluences Indicator. EUR/USD 30-minute chart The Fiber is trading above its main SMAs, suggesting bullish momentum in the near term. Support can be seen at the 1.1000 and 1.0976 support level. A daily close below those levels could mitigate the short term bullish bias. 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 Forex News Today: Daily Trading News share Read Next Wall Street’s benchmarks march higher on trade-talk hopes FX Street 4 years EUR/USD broke to three-week highs this Thursday as the European Central Bank's (ECB) minutes showed opposition to QE (Quantitative Easing). In the United States, the Core Consumer Price Index (CPI) matched analysts' expectations at 2.4% YoY and EUR/USD eased from daily highs. EUR/USD daily chart On the daily chart, the shared currency is trading in a bear trend below its main daily simple moving averages (DSMAs). This Thursday in Europe, the European Central Bank's (ECB) minutes showed opposition to QE sending EUR/USD above the 1.1000 figure. However, in the New York session, the US… 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.
