Home EUR/USD Technical Analysis: Bulls show no signs of slowing down as Fiber breaks 1.1200 figure
FXStreet News

EUR/USD Technical Analysis: Bulls show no signs of slowing down as Fiber breaks 1.1200 figure

EUR/USD daily chart

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

EUR/USD 4-hour chart

  • EUR/USD regained the 50 SMA.

EUR/USD 30-minute chart

  • EUR/USD is trading above the 1.1200 figure  and its main SMAs suggesting a bullish bias.
  • There seems to be little in the way to 1.1240/60 resistances.
  • Support is seen at 1.1200 and 1.1170 level.

Additional key levels

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.