Home EUR/USD Technical Analysis: Bullish counter-attack finds resistance at 1.1250 level
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EUR/USD Technical Analysis: Bullish counter-attack finds resistance at 1.1250 level

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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 testing the 50 SMA.

EUR/USD 30-minute chart

  • The counter-trend bullish attack is finding resistance at the 1.1250 key level.
  • Bears can still drive the market towards 1.1220 support.
  • However, if 1.1250 gets broken then 1.1300 resistance comes into play.  

Additional key levels

 

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