EUR/USD Technical Analysis: Fiber under pressure near the 2019 low

EUR/USD daily chart

• EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA).
• EUR/USD is currently under pressure as the market is close to the 2019 low. 

EUR/USD 4-hour chart

• EUR/USD is about 20 pips away from the 2019 low currently at the 1.1176 level.

EUR/USD 30-minute chart

• EUR/USD is capped by 1.1230 and the 50 SMA. 
• Bears want to break below 1.1200 to dip to 1.1176. Some bears are actually betting for a break below 1.1176 and a continuation down towards 1.1100. 
• Corrections on the way up can find resistance at 1.1230/50 and 1.1280 level.

Additional key levels