EUR/USD is consolidating the Friday gains, coiling around the 1.1115 level. Indecision can see the market stuck in a range between 1.1098 and 1.1134 in the near term. EUR/USD daily chart On the daily time-frame, the single currency is trading in a bear trend below the main daily simple moving averages (DSMAs). The Euro bounced last Friday from 2-week lows as the US Dollar weakened across the board on the back of trade war fears. EUR/USD 4-hour chart The Fiber is trading above the 1.1115 support between the 50 and 100 SMA, suggesting a consolidation in the medium term. Buyers could be looking for a beak above 1.1134 resistance to reach the 1.1220 level, according to the Technical Confluences Indicator. However the overall trend remains bearish and 1.1134 can be a tough nut to crack. EUR/USD 30-minute chart EUR/USD is coiling around the 1.1115 support below the 50 SMA, suggesting a consolidation in the near term. Immediate support can be seen at the 1.1098 and the 1.1080 level, 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 Canada: Trade concerns to take the shine off of solid economic data – RBC FX Street 4 years EUR/USD is consolidating the Friday gains, coiling around the 1.1115 level. Indecision can see the market stuck in a range between 1.1098 and 1.1134 in the near term. EUR/USD daily chart On the daily time-frame, the single currency is trading in a bear trend below the main daily simple moving averages (DSMAs). The Euro bounced last Friday from 2-week lows as the US Dollar weakened across the board on the back of trade war fears. EUR/USD 4-hour chart The Fiber is trading above the 1.1115 support between the 50 and 100 SMA, suggesting a consolidation in the… 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.
