Forex News

Euro ends the week near one-month high flirting with 1.1000 figure

  • EUR/USD is on a bull run as the market hits the 1.1000 on an intraday basis. 
  • The level to beat for bulls is the 1.1010 resistance.  

 

EUR/USD weekly chart 

 

Euro/Dollar is trading in a downtrend below its main SMAs on the weekly chart. However this EUR/USD turned higher and challenged the 1.1000 figure but didn’t close above it. 

 

EUR/USD four-hour chart

 

EUR/USD broke to one month high while trading above the main SMAs on the four chart suggesting a bullish bias in the medium term. The market gathered significant strength and a continuation up to the 1.1100 level can be on the cards. On the flip side, retracements down can find support near the 1.0925 and 1.0885 levels. 

 

 

Resistance: 1.1010, 1.1045, 1.1100

Support: 1.0925, 1.0885, 1.0850

 

 

Additional key levels

 

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