EUR/USD Technical Analysis: 1.1330 unbreakable resistance in the New York session?

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 above th  |  15/04/2019 13:24

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 above the main SMAs suggesting a bullish bias in the medium-term.

EUR/USD 30-minute chart

  • EUR/USD found resistance at last Friday’s high suggesting that bulls might have run out of steam.
  • The current weakness can initially expose 1.1300, 1.1280 and 1.1250 to the downside.
  • The key resistance to break for bulls is 1.1330 followed by 1.1360 level.

Additional key levels

 

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