EUR/USD Technical Analysis: 1.1200 support holds – Can 1.1270 be next ?

FX Street

Updated: 30 Apr. 2019 | 18:52

EUR/USD daily chart

EUR/USD is trading in a bear trend below its main simple moving average (SMAs).
EUR/USD is rebounding from the 1.1100 level.

EUR/USD 4-hour chart

EUR/USD is trading above its 50 SMA.

EUR/USD 30-minute chart

EUR/USD correction to 1.1200 support held as the correction up seems not to be over just yet.
If bulls can break above 1.1230, this can lead to a move up to 1.1270 resistance.
Alternatively, a bearish break below 1.1200 can lead to a drop towards 1.1170 and 1.1140 level.

Additional key levels

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