EUR/USD Technical Analysis: Bears driving the market towards daily lows

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 and 100 SMAs suggesting a correction down in the short-term.
• The current break below 1.1300 should lead to 1.1280 and 1.1250 to the downside.
• Key resistance is at 1.1330 followed by 1.1360 level.

Additional key levels