Colombus Day on Monday yields limited volatility on the EUR/USD. Monday’s trading ends virtually unchanged with the Fiber still hanging above the 1.1000 figure. EUR/USD daily chart On the daily chart, the shared currency is trading in a bear trend below its 100 and 200-day simple moving averages (DSMAs). However, last week, the Fiber broke above a multi-week trendline and tested the 50 SMA. This Monday, the spot consolidated last week’s gains below the 50 SMA. EUR/USD four-hour chart The Euro is trading above the main SMAs, suggesting bullish momentum in the medium term. EUR/USD is consolidating last week’s advance above the 1.1000/1.1020 support zone and the 200 SMA. The 1.1067 level is the level to beat for bulls if they intend to reach the 1.1090 resistance on the way up, according to the Technical Confluences Indicator. EUR/USD 30-minute chart The Fiber is ending Monday virtually unchanged. A daily close below the 1.1000 handle could switch the bias to bearish in the short and medium 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 GBP/USD recovers to 1.2630 amid fresh hopes of a Brexit deal FX Street 4 years Colombus Day on Monday yields limited volatility on the EUR/USD. Monday's trading ends virtually unchanged with the Fiber still hanging above the 1.1000 figure. EUR/USD daily chart On the daily chart, the shared currency is trading in a bear trend below its 100 and 200-day simple moving averages (DSMAs). However, last week, the Fiber broke above a multi-week trendline and tested the 50 SMA. This Monday, the spot consolidated last week's gains below the 50 SMA. EUR/USD four-hour chart The Euro is trading above the main SMAs, suggesting bullish momentum in… 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.
