EUR/USD is starting the week with a slow drift down. The level to beat for sellers is the 1.0996 support. EUR/USD daily chart On the daily chart, the fiber is trading in a bear trend below the main daily simple moving averages (DMAs). On the first day of the week, the market has been under mild bearish pressure. EUR/USD four-hour chart The spot is nearing the November low while under bearish pressure below the 1.1019 resistance and its main SMAs. The critical support to break for bears is likely located near the 1.0996 level close to the current monthly low. If bears gather enough steam and break this level, the spot could decline towards the 1.0968 and 1.0910 price levels, according to the Technical Confluences Indicator. EUR/USD 30-minute chart EUR/USD has started the week by drifting down while below its main SMAs. Resistance can be expected near the 1.1019 level and at the 1.1054 price level. On the flip side, a daily close beyond the 1.1076 resistance could question the validity of the bear case in the near 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 USD/JPY consolidates gains to 109.00, trade sentiment stays positive FX Street 3 years EUR/USD is starting the week with a slow drift down. The level to beat for sellers is the 1.0996 support. EUR/USD daily chart On the daily chart, the fiber is trading in a bear trend below the main daily simple moving averages (DMAs). On the first day of the week, the market has been under mild bearish pressure. EUR/USD four-hour chart The spot is nearing the November low while under bearish pressure below the 1.1019 resistance and its main SMAs. The critical support to break for bears is likely located near the 1.0996… 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.
