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  • Fed’s Powell speech did not provide the volatility needed for the market to escape the tight trading range.
  • 1.1200 has been capping prices in the Asian and European session.

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 while the market has been consolidatin.g since this Monday.

EUR/USD 30-minute chart

EUR/USD has kept the range theme intact since this Monday.
Bears are looking for a break below 1.1170 to reach 1.1140 and potentially 1.1100 figure.
Resistance is at 1.1200 and 1.1220 level.

Additional key levels