EUR/USD Technical Analysis: Euro slowly climbing above 1.1250 level
|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 has found some support near 1.1220 as the market is testing the 100 SMA.
EUR/USD 30-minute chart
- EUR/USD is challenging 1.1260 resistance as the market is trading above the 50 and 100 SMAs.
- Bulls want to extend the correction up towards 1.1280 and possibly to 1.1300 figure.
- Support is seen at 1.1250/40 and 1.1220 level.
Additional key levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.