EUR/USD Technical Analysis: Fiber on the back foot after US CPI and ECB
|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 below its 100 and 200 SMAs suggesting a bearish bias in the medium-term.
EUR/USD 30-minute chart
- EUR/USD rejected 1.1300 resistance as the market is about to test the 1.1250 support.
- A break below 1.1250 can lead to a decline to 1.1220 support.
- Resistance is at 1.1280 and 1.1330 level.
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