EUR/USD Technical Analysis: Euro slowly climbing above 1.1250 level

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 has found some support near 1.1220 as the market is testing the 100 SMA.

EUR/USD 30-minute chart

• EUR/USD is challenging 1.1260 resistance as the market is trading above the 50 and 100 SMAs.
• Bulls want to extend the correction up towards 1.1280 and possibly to 1.1300 figure.
• Support is seen at 1.1250/40 and 1.1220 level.

Additional key levels