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  • The market is consolidating the recent gains below the 1.1083 resistance ahead of the FOMC minutes.
  • The level to beat for bears is the 1.1043 level.  

EUR/USD daily chart

The Euro, on the daily chart, is trading in a bear trend below downward sloping 100 and 200-day simple moving averages (DMAs). EUR/USD is trading mixed ahead of the FOMC minutes at 19:00 GMT.  

EUR/USD four-hour chart

The market is trading below the 1.1083 resistance and the 100/200 SMAs. As the sellers manage to keep the spot below 1.1083, there is the potential for a move down to the 1.1043, 1.1014 and 1.0991 levels, according to the Technical Confluences Indicator.  

EUR/USD 30-minute chart

EUR/USD is trading below its 50 and 100 SMAs, suggesting a potential correction down in the near term. Resistance is seen at 1.1083. However, a daily close above the level can lead to further gains towards the 1.1112 and 1.1152 resistances.  

Additional key levels