EUR/USD Technical Analysis: Cloudy skies approaching for the Euro

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

• The market rejected 1.1280 resistance as the market is now testing the 50 SMA. 
• As the buyers are losing strength bears will be initially looking at 1.1250 figure and 1.1220 to the downside. 
• Resistance is at 1.1280 and 1.1330 level
   

Additional key levels