EUR/USD Technical Analysis: Small rebound near 1.1200 as Euro trades near multi-month’s lows
|EUR/USD daily chart
- EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA).
- EUR/USD took a dive after the long Easter weekend.
- EUR/USD is consolidating the recent losses just above the 1.1200 figure.
EUR/USD 30-minute chart
- EUR/USD is trading below its main SMAs suggesting a bearish momentum in the short-term.
- Bears want to continue the move down towards 1.1180/60 support as bulls will attempt to support the market above the 1.1200 figure.
- Resistances to the upside are seen at 1.1230/50 and 1.1280 level.
Additional key levels
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