EUR/USD keeps the range theme of the last four days unchanged. FOMC minutes: Most fed policymakers believed 25 basis point cut needed. The level to beat for bears is the 1.0973/63 support zone. EUR/USD daily chart On the daily chart, the common currency is trading in a downtrend below its main daily simple moving averages (DSMAs). The FOMC Minutes failed to provide new information as Chief’s Powell mainly reiterated known facts: “risks come from abroad, chances of a recession are limited, the economy overall is healthy.” EUR/USD four-hour chart EUR/USD is stuck in the 1.0965-1.1000 range while sticking most of the New York session near the 100 SMA. The market is currently challenging the 1.0973/65 support zone. A break below those levels can bring the 1.0940 support back into play, according to the Technical Confluences Indicator. EUR/USD 30-minute chart EUR/USD is trading flat near 1.0973 support. Resistances are seen at the 1.0983 level and the 1.1000 figure. A daily close above the 1.1000 figure would likely be needed to alleviate the downside bias. 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 Forex News Today: Daily Trading News share Read Next EUR/JPY hits weekly high above 118.00 but fails to hold on top FX Street 3 years EUR/USD keeps the range theme of the last four days unchanged. FOMC minutes: Most fed policymakers believed 25 basis point cut needed. The level to beat for bears is the 1.0973/63 support zone. EUR/USD daily chart On the daily chart, the common currency is trading in a downtrend below its main daily simple moving averages (DSMAs). The FOMC Minutes failed to provide new information as Chief's Powell mainly reiterated known facts: "risks come from abroad, chances of a recession are limited, the economy overall is healthy." EUR/USD four-hour chart EUR/USD… 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.
