- The Greenback is up marginally this Tuesday, helping EUR/USD to trade near two-day lows.
- Brexit uncertainties are weighing on both the market sentiment and EUR.
- Moves could be limited ahead of the European Central Bank (ECB) interest rate decision on Thursday.
EUR/USD daily chart
On the daily chart, the common currency is trading in a bear trend below its 200-day simple moving averages (DSMA). However, the Brexit deal optimism and the better market sentiment boosted the Euro in October. Market moves could be limited ahead of the European Central Bank (ECB) interest rate decision on Thursday.
EUR/USD four-hour chart
EUR/USD, on the four-hour chart, is starting to pull back down from the October highs, trading now near the 1.1140 level. However, the spot is still trading above its main SMAs, suggesting a bullish bias in the medium term. A breakout above the 1.1160 resistance can lead to a move to the 1.1191 resistance, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
The Fiber is trading below the 50 and 100 SMAs but above the 200 SMA, suggesting a consolidation in the near term. Sellers need a break below the 1.1110 to reach the 1.1065 price level on the way down.
Additional key levels
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