- EUR/USD ends the day near its high however the bear trend remains intact for now.
- The level to beat for sellers is the 1.0793 support.
- Strong resistance is seen near 1.0883 level.
EUR/USD daily chart
EUR/USD is trading in a bear trend below the main daily simple moving averages (SMAs) as the quote is under bearish pressure near 34-month lows. This Wednesday EUR/USD is ending the day on its high however the bulls will have much more work to do to create a convincing recovery.
EUR/USD four-hour chart
Resistance: 1.0838, 1.0883, 1.0917
Support: 1.0793, 1.0748, 1.0725
Additional key levels