EUR/USD Technical Analysis: Fiber is erasing the daily losses as spot is testing 1.1350 level

EUR/USD daily chart

• EUR/USD is trading in a bear trend below the 200-day simple moving average (SMA). 

EUR/USD 4-hour chart

• Fiber is trading below its main SMAs suggesting bearish momentum in the medium-term.

EUR/USD 30-minute chart

• EUR/USD is trading below it main SMAs. As discussed previously, the 1.1320 support was significant as the market reversed up a few pips above that level.
• It seems that bulls have what it takes to get to 1.1370 but they need a significant break above that level in order to regain some control of the market.
• Since the current momentum is bearish, sellers might still potentially come back and collapse the market to 1.13000 figure so buyers should remain prudent.

Additional key levels