EUR/USD technical analysis: Euro breaks to the upside and settles near 1.1220 level

• The recent range finally got broken on a sudden bullish spike. 
• EUR/USD is stabilizing near 1.1220 level.

EUR/USD daily chart

EUR/USD is trading in a bear trend below its main simple moving averages (SMAs).
On Thursday buyers almost reached 1.1255 where lies the 50 SMA. 

EUR/USD 4-hour chart

EUR/USD is challenging the 1.1240 resistance and the downward sloping 200 SMA. 

EUR/USD 30-minute chart

EUR/USD had a sudden bullish spike to the 1.1250 level and the market is now settling near the 1.1220 level. Bulls will need to break 1.1250 to reach the 1.3000 figure. Support is at 1.1220, 1.1200 and 1.1170 level.


Additional key levels