EUR/USD is trading just above the 1.1020 level in the New York session The level to beat for bears is the 1.0996 support. EUR/USD daily chart On the daily chart, the euro is trading in a downtrend below its main daily simple moving averages (DMAs). On the second day of the week, the market is trading in a tight trading range in the New York session. EUR/USD four-hour chart The spot is consolidating just above the November low while remaining under bearish pressure around the 1.1020 resistance and its main SMAs. The key support to break for sellers is likely located near the 1.0996 level not far away from the current monthly low. If sellers gather enough momentum and break this level to the downside, the market could depreciate towards the 1.0969 and 1.0910 price levels, according to the Technical Confluences Indicator. EUR/USD 30-minute chart EUR/USD is trading in a tight trading range challenging the 1.1020 resistance and the 50 SMA. A daily close above the 1.1035/1.1049 resistance could 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 WH adviser Conway: Getting really close to deal with China on trade FX Street 3 years EUR/USD is trading just above the 1.1020 level in the New York session The level to beat for bears is the 1.0996 support. EUR/USD daily chart On the daily chart, the euro is trading in a downtrend below its main daily simple moving averages (DMAs). On the second day of the week, the market is trading in a tight trading range in the New York session. EUR/USD four-hour chart The spot is consolidating just above the November low while remaining under bearish pressure around the 1.1020 resistance and its main SMAs. The key… 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.
