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EUR/USD technical analysis: Fiber going down towards 1.1220

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  • The Core Consumer Price Index in May in the Eurozone came in below expectations at 0.8% vs. 0.9% forecast.
  • EUR/USD is losing steam below the 1.1280 resistance.

EUR/USD daily chart

EUR/USD is trading in a bear trend below the 100 and 200 simple moving averages (SMAs).

EUR/USD 4-hour chart

EUR/USD is trading above its main SMAs suggesting bullish momentum in the near term.

EUR/USD 30-minute chart

EUR/USD is dropping as the market trades below the 50 SMA. Support is seen at 1.1220, 1.1200 and 1.1180. Resistance is seen at 1.1260 and 1.1280.  


Additional key levels

 

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