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EUR/USD Technical Analysis: Fiber bears challenge the 1.1200 handle

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EUR/USD daily chart

  • EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA).
  • As mentioned yesterday, EUR/USD dropped towards the 1.1220 level.

EUR/USD 4-hour chart

  • EUR/USD is trading below its main SMAs suggesting a bearish bias in the medium-term.


EUR/USD 30-minute chart

  • EUR/USD is trading below its main SMAs suggesting a bearish momentum in the short-term.
  • As long as the single currency stays below 1.1250 key resistance, EUR/USD remains exposed to 1.1200 and 1.1800 support to the downside.
  • On the way up, 1.1230 can act as resistance.


Additional key levels

 

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