EUR/USD Technical Analysis: Bears driving the market towards 1.1160 support

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 200 SMA suggesting bearish momentum in the medium-term.

EUR/USD 30-minute chart

• EUR/USD is trading below its main SMAs suggesting bearish momentum in the short-term.
• A break below 1.1220 support should send the common currency to 1.1190 and 1.1160 level.
• Immediate resistance is at 1.1250 and 1.1330 level.

Additional key levels