EUR/USD technical analysis: Bulls trying hard to lift the market towards 1.1180 level


EUR/USD daily chart

EUR/USD is trading in a bear trend below its main simple moving averages (SMAs). 

EUR/USD 4-hour chart

EUR/USD is trading below its main SMAs suggesting a bearish momentum in the near term. 

EUR/USD 30-minute chart

The market is trading above the 50 and 100 SMAs suggesting a consolidation in the short term. The next hurdle for bulls is 1.1180 resistance followed by 1.1200 the figure and 1.1220 level. On the flip side, a break below 1.1150 (Monday low) can lead to 1.1140 and 1.1110 (2019 low) on the way down.

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