EUR/USD ????????? ?? 1.1030
Forex News

Euro regains some poise, trades above 1.0850 level

  • EUR/USD rebounds and approaches the 1.0900 figure on USD weakness. 
  • Immediate resistance is seen near 1.0845 and 1.0920 levels. 

  

EUR/USD daily chart 

 

EUR/USD is trading below the main SMAs on the daily chart as the spot stays within familiar ranges seen in March and February. 

 

EUR/USD four-hour chart

 

The fiber is trading below its main SMAs on the four-hour chart suggesting a negative bias in the medium term. However the spot is rebounding from near the 1.0800 figure and is now challenging the 1.0884 resistance at press time. A daily close above this level can lead to further advances towards the 1.0920 and 1.0970 resistance levels, according to the Technical Confluences Indicator. Meanwhile, immediate support can be expected near the 1.0845 and 1.0820 levels

 

 

Resistance: 1.0884, 1.0920, 1.0970

Support: 1.0845, 1.0820, 1.0800

 

 

Additional key levels

 

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