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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 is currently under pressure as the market is close to the 2019 low.  

EUR/USD 4-hour chart

  • EUR/USD is about 20 pips away from the 2019 low currently at the 1.1176 level.

EUR/USD 30-minute chart

  • EUR/USD is capped by 1.1230 and the 50 SMA.  
  • Bears want to break below 1.1200 to dip to 1.1176. Some bears are actually betting for a break below 1.1176 and a continuation down towards 1.1100.  
  • Corrections on the way up can find resistance at 1.1230/50 and 1.1280 level.

Additional key levels