EUR/USD Technical Analysis: Unabated bearish pressure at 22-month lows

EUR/USD daily chart

• EUR/USD is trading in a bear trend below its main simple moving average (SMAs).
• EUR/USD is under bearish pressure near 22-month lows

EUR/USD 4-hour chart

• EUR/USD is trading well below its main SMAs suggesting a bearish bias in the medium-term.

EUR/USD 30-minute chart

• A break below 1.1120 can lead to 1.1080 and 1.1050 level.
• The market is currently capped by the 50 SMA and the 1.1160 and 1.1200 resistances.

Additional key levels