- EUR/USD bull recovery from 34-month lows remains intact.
- The level to beat for bulls is the 1.1047 resistance.
EUR/USD daily chart
EUR/USD is trading in a bear trend below the main daily simple moving averages (SMAs). However, the quote is sharply reversing up from 34-month lows while challenging the 50 and 100 SMA on the daily chart.
EUR/USD four-hour chart
Resistance: 1.1047, 1.1085, 1.1143
Support: 1.1006, 1.0960, 1.0915
Additional key levels