EUR/USD technical analysis: Euro rolling into Asia below 1.1180 resistance

0

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 bias in the near term. 

EUR/USD 30-minute chart

EUR/USD tried to reach 1.1180 resistance but the volatility was very low this Monday. The currency pair continues to be weak below that resistance. A break below 1.1150 can lead to 1.1140 and 1.1106 (2019 low). Resistances are at 1.1180, 1.1200 and 1.1220 level.

 

Get the 5 most predictable currency pairs

About Author

Comments are closed.