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EUR/USD Technical Analysis: Bulls show no signs of slowing down as Fiber breaks 1.1200 figure

EUR/USD daily chart

  • EUR/USD is trading in a bear trend below its main simple moving average (SMAs).
  • EUR/USD is having a bullish rebound from the 1.1100 level. 

EUR/USD 4-hour chart

  • EUR/USD regained the 50 SMA.

EUR/USD 30-minute chart

  • EUR/USD is trading above the 1.1200 figure and its main SMAs suggesting a bullish bias.
  • There seems to be little in the way to 1.1240/60 resistances.
  • Support is seen at 1.1200 and 1.1170 level.

Additional key levels

 

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