• The Greenback is starting to gain some traction at the end of the London session this Monday.
  • EUR/USD is trading near daily lows approaching the 1.1140 support.

EUR/USD daily chart

On the daily chart, the common currency is trading in a bear trend below its 200-day simple moving averages (DSMAs). The Euro is starting the week trading mixed currently near its daily lows in the late London session.

EUR/USD four-hour chart

The Euro is trading above its main SMAs, suggesting bullish momentum in the medium term. EUR/USD is easing from the October highs. Bulls would need to reclaim the 1.1160 resistance in order to travel towards the 1.1191 resistances on the way up, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading between the 50 and 100 SMAs, suggesting a consolidation in the near term. Support can be seen at the 1.1140 and 1.1110 price levels.

Additional key levels