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 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 PayPal CEO does not rule out working with Libra Association again FX Street 3 years 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… 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.
