EUR/USD is trading near the weekly lows in the New York session. The level to beat for bears is the 1.1047 support. EUR/USD daily chart The euro/dollar currency pair, on the daily chart, is trading in a downtrend below downward sloping 100 and 200-day simple moving averages (DMAs). This Friday, the market is trading at weekly lows in the New York session. EUR/USD four-hour chart The spot is trading below the 1.1075 resistance and the 100/200 SMAs on the four-hour time frame. The confirmation from the false bull breakout above 1.1075 would gain strength if the market closed below the 1.1047 level on a daily basis. The mains levels to watch on the way down are likely near 1.1014/1.1000 zone followed by 1.0968 and 1.0945 price levels, according to the Technical Confluences Indicator. EUR/USD 30-minute chart The euro is trading below the main SMAs, suggesting a bearish bias in the near term. The main resistances on the way up are the 1.1075 level followed by 1.1106 and the 1.1152 levels, according to the Technical Confluences Indicator. However, a break above the 1.1106 level on a daily basis would likely flip EUR/USD to bullish. 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 The worst is behind us in manufacturing in the eurozone, but not in services – ABN AMRO FX Street 3 years EUR/USD is trading near the weekly lows in the New York session. The level to beat for bears is the 1.1047 support. EUR/USD daily chart The euro/dollar currency pair, on the daily chart, is trading in a downtrend below downward sloping 100 and 200-day simple moving averages (DMAs). This Friday, the market is trading at weekly lows in the New York session. EUR/USD four-hour chart The spot is trading below the 1.1075 resistance and the 100/200 SMAs on the four-hour time frame. The confirmation from the false bull breakout above 1.1075 would gain strength 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.
