The Greenback picked up some steam this Tuesday, helping EUR/USD to decline near two-day lows. The Brexit chaos is weighing on the market mood and the Euro. The key macroeconomic event of the week is the European Central Bank (ECB) interest rate decision on Thursday. EUR/USD daily chart On the daily chart, the shared currency is trading in a bear trend below the 100 and 200-day simple moving averages (DSMAs). The Brexit optimism is fading somewhat and it is weighing on the Euro. Investors will start to focus on the key macroeconomic event of the week: the European Central Bank (ECB) interest rate decision on Thursday. EUR/USD four-hour chart EUR/USD, on the four-hour chart, is retracing down from the October highs, trading now below the 1.1140 level. As the market is weakening, the retracement can extend towards the 1.1110 and 1.1065 price levels on the way down, according to the Technical Confluences Indicator. EUR/USD 30-minute chart The Fiber is trading below its main SMAs on the 30-minute chart, suggesting a bearish bias in the near term. Resistance can be seen near 1.1140 and 1.1160 price levels, according to the Technical Confluences Indicator. 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 ETH/USD technical analysis: Fibonacci support and resistance is holding firm FX Street 3 years The Greenback picked up some steam this Tuesday, helping EUR/USD to decline near two-day lows. The Brexit chaos is weighing on the market mood and the Euro. The key macroeconomic event of the week is the European Central Bank (ECB) interest rate decision on Thursday. EUR/USD daily chart On the daily chart, the shared currency is trading in a bear trend below the 100 and 200-day simple moving averages (DSMAs). The Brexit optimism is fading somewhat and it is weighing on the Euro. Investors will start to focus on the key macroeconomic event of the week:… 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.
