Home EUR/USD Technical Analysis: Euro flirting with 1.1200 figure
FXStreet News

EUR/USD Technical Analysis: Euro flirting with 1.1200 figure

EUR/USD daily chart

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

EUR/USD 4-hour chart

  • EUR/USD is trading below its main SMAs suggesting a bearish bias in the medium-term.


EUR/USD 30-minute chart

  • EUR/USD is trading above 1.1700 resistance and its main SMAs suggesting a bullish bias.
  • A break above 1.1190/20 resistance can open the doors to 1.1240 resistance.
  • Conversely, a decline back below 1.1170 can see 1.1140/20 support revisited.

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.