EUR/USD Technical Analysis: Cloudy skies approaching for the Euro

FX Street

Published date: 9 Apr. 2019 | 19:42

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 100 and 200 SMAs suggesting a bearish bias in the medium-term.

EUR/USD 30-minute chart

The market rejected 1.1280 resistance as the market is now testing the 50 SMA.
As the buyers are losing strength bears will be initially looking at 1.1250 figure and 1.1220 to the downside.
Resistance is at 1.1280 and 1.1330 level

Additional key levels

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