EUR/USD daily chart
EUR/USD is trading in a bear trend below its main simple moving averages (SMAs). The market found resistance at 1.1245 level, as expected while rejecting the 50 SMA.
EUR/USD 4-hour chart
EUR/USD is trading below 1.1220 and the 200 SMA.
EUR/USD 30-minute chart
The market is trading below its main SMAs suggesting a bearish bias in the short term.
As bears are breaking strongly below 1.1220, there seems to be little support before 1.1200 figure. The next level of support is seen at 1.1170 level.
Resistance is at 1.1220 and 1.1245 levels.
Additional key levels
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