EUR/USD Technical Analysis: Fiber rolling into Asia near 1.1300 handle

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EUR/USD daily chart

  • EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA).


EUR/USD 4-hour chart

  • EUR/USD is trading above the main SMAs suggesting a bullish bias in the medium-term.


EUR/USD 30-minute chart

  • EUR/USD is trading below the 50 SMA suggesting a correction down in the short-term.
  • A break below 1.1300 can lead to 1.1280 and 1.1250 to the downside.
  • Bulls would need to break the key resistance at 1.1330 followed by 1.1360 level.


Additional key levels

 

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