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.
EUR/USD 4-hour chart
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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