- EUR/USD is ending Thursday in the lower part of its daily range.
- The level to beat for bears is the 1.1035 support.
- As the market is in a range, EUR/USD is waiting for a catalyst.
EUR/USD daily chart
The shared currency, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DSMAs). The Euro has been in a trading range over the last two weeks as the market participants are waiting for a catalyst.
EUR/USD four-hour chart
EUR/USD is trading in a triangle pattern between the 100 and 200 SMA, suggesting a ranging market in the medium term. Euro is ending Thursday just above the 1.1035 support. A break below this level can lead to 1.1000 and 1.0965 to the downside, according to the Technical Confluences Indicator.
EUR/USD 30-minute chart
EUR/USD is entering the Asian session near its daily lows below its main SMAs. Resistances are seen at the 1.1074 and 1.1120 levels, according to the Technical Confluences Indicator.
Additional key levels
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