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EUR/USD Technical Analysis: Choppy Friday keeps the single currency supported above 1.1200 handle

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 main SMAs suggesting a bearish bias in the medium-term.

EUR/USD 30-minute chart

  • EUR/USD found decent support at 1.1220 near the 200 SMA. 
  • The level to beat for bulls is 1.1250 followed by 1.1280 resistance.
  • To the downside, support is seen at 1.1200 and 1.1800 level

Additional key levels

 

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