EUR/USD technical analysis: Euro rolling into the Asian session above the 1.1000 figure

 

 

On the daily chart, the common currency is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is ending Tuesday near Monday’s highs.

 

EUR/USD is trading below the main SMAs, suggesting a bearish bias in the medium term. However, the market is challenging the 1.1023/35 resistance zone. A break above it can lead to 1.1075 price level, according to the Technical Confluences Indicator.

 

  

  

 

The market is challenging the 200 SMA on the 30-minute chart. Support is at the 1.1000 level and the 1.0985 level, according to the Technical Confluences Indicator.