Home EUR/USD Technical Analysis: Euro drifting down and flirting with the 1.1200 handle

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EUR/USD Technical Analysis: Euro drifting down and flirting with the 1.1200 handle

FX Street

Published date: 1 Apr. 2019 | 21:42

EUR/USD daily chart

EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA).

EUR/USD 4-hour chart

EUR/USD is trading below its 200 SMA suggesting bearish momentum in the medium-term.

EUR/USD 30-minute chart

EUR/USD is trading below its main SMAs suggesting bearish momentum in the short-term.
A breakdown below 1.1200 key support could send EUR/USD to 1.1180 and 1.1160 level.
Resistance is at 1.1220 and 1.1250 level.

Additional key levels

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