EUR/USD technical analysis: Euro rolling into the Asian session near its daily low sub 1.1250 level
|EUR/USD daily chart
EUR/USD is trading in a bear trend below its main simple moving averages (SMAs). The market rejected the 1.1260 level along the 50 SMA, this Monday.
The market is consolidating near the 1.1230 level just above the 200 SMA.
EUR/USD 30-minute chart
The market is trading below its 50 and 100 SMAs suggesting a correction down.
Given the strong rejection near 1.1260 bears can drive the market to 1.1220 and 1.1200 levels.
Resistance is seen at 1.1245 and 1.1265 levels.
Additional key levels
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