EUR/USD technical analysis: Fiber rolling into Asia near the 1.1160 level

• The risk-off mood favored the US Dollar this Tuesday.
• EUR/USD is drifting down with moderate volatility.

EUR/USD daily chart

EUR/USD is trading in a bear trend below its main simple moving averages (SMAs).

EUR/USD 4-hour chart

EUR/USD is trading below its main SMAs suggesting bearish momentum in the medium term.

EUR/USD 30-minute chart

EUR/USD is drifting down to the 1.1160 support as the market trades below its main SMAs. Bears should ideally have a daily close below 1.1160 to increase to chance to reach 1.1140 support to the downside. Further down lies 1.1110 support. The key resistance for bulls become 1.1180 followed by 1.1200 the figure.

Additional key levels