EUR/USD technical analysis: Fiber ending the day on its low near 1.1180 - USD strength is the main driver

EUR/USD daily chart

EUR/USD is trading in a bear trend below its main simple moving averages (SMAs). Better-than-expected US housing data and corporate earnings along with higher US bond yields are helping USD to gain some traction and sending EUR/USD down to 1.1180.

EUR/USD 4-hour chart

EUR/USD remains stuck in the infamous 1.1180-1.1200 range of the last weeks and below its 200 SMA. 

EUR/USD 30-minute chart

The market is trading below its main SMAs suggesting a bearish bias in the short term. Bears are challenging the 1.1180 support. A sustained break below the level can see a move to 1.1140 and 1.1110 to the downside. Resistance is seen at 1.1220 and 1.1245 levels.

Additional key levels