EUR/USD Technical Analysis: Euro drifting down and flirting with the 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 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 breakdown below 1.1200 key support could send EUR/USD to 1.1180 and 1.1160 level.
• Resistance is at 1.1220 and 1.1250 level.

Additional key levels