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

Euro sidelined, trades below 1.0900 figure

  • EUR/USD gets a slow start to the new week. 
  • Immediate resistance can emerge near 1.0900 figure. 

  

EUR/USD daily chart 

 

EUR/USD is trading below the main SMAs on the daily chart as the spot remains confined within familiar ranges at the start of the new week.  

 

EUR/USD four-hour chart

 

The fiber is trading below the 1.0900 figure and the main SMAs on the four-hour chart suggesting a bearish bias in the medium term. However, the quote is rebounding near 1.0845 level as bulls are looking for a daily close above 1.0900 figure which could yield further strength towards the 1.0946 and 1.0991 resistance levels, according to the Technical Confluences Indicator. On the flip side, a daily close below the 1.0800 level could attract further selling interest towards the 1.0743 level. 

 

 

Resistance: 1.0900, 1.0946, 1.0991

Support: 1.0845, 1.0800, 1.0743

 

 

Additional key levels

 

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