EUR/USD is under pressure in the New York session. The level to beat for sellers is the 1.0996 support. EUR/USD daily chart On the daily chart, EUR/USD is trading in a downtrend below its main daily simple moving averages (DMAs). This Monday, the market is under bearish pressure in the New York session. EUR/USD four-hour chart The spot is nearing the current November low while under bearish pressure below its main SMAs. The main support to break for sellers is likely the 1.0996 level near the current low of the month. If sellers gather enough conviction and overcome this level, the market would likely decline towards the 1.0968 and 1.0910 price levels, according to the Technical Confluences Indicator. EUR/USD 30-minute chart EUR/USD is starting the week by sliding down below its main SMAs. Resistance is seen at the 1.1019 level and at the 1.1054 price level. However, a daily close above the 1.1076 level would question the validity of the bear case in the near term. 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 Ethereum technical analysis: ETH/USD big retest of $150-160 resistance FX Street 3 years EUR/USD is under pressure in the New York session. The level to beat for sellers is the 1.0996 support. EUR/USD daily chart On the daily chart, EUR/USD is trading in a downtrend below its main daily simple moving averages (DMAs). This Monday, the market is under bearish pressure in the New York session. EUR/USD four-hour chart The spot is nearing the current November low while under bearish pressure below its main SMAs. The main support to break for sellers is likely the 1.0996 level near the current low of the month. If… 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.
