EUR/USD daily chart
EUR/USD is trading in a bear trend below its main simple moving averages (SMAs). The market is testing the 50 SMA near the 1.1250 level.
The USD got a quick sell-off as China announced trade tariffs on the United States. It remains to be seen if the knee-jerk reaction will persist throughout the day.
EUR/USD 4-hour chart
The market is challenging the 1.1260 resistances as EUR/USD is trading above its main SMAs.
EUR/USD 30-minute chart
EUR/USD is trading above its main SMAs suggesting a bullish bias in the short-term.
EUR/USD is trading above last week high now testing 1.1260 A sustained break above 1.1260 can lead to 1.1300.
However, failure to break above 1.1260 can see 1.1220, 1.1200 support revisited.
Additional key levels
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