EUR/USD Technical Analysis: Bullish mirage or short-squeeze near 1.1330 resistance ?

EUR/USD daily chart

• EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA).
• EUR/USD has been capped by the 1.1330 resistance and the 50 SMA in the last days of trading.

EUR/USD 4-hour chart

• EUR/USD formed a double top below 1.1330 resistance.
• EUR/USD is trading above its main SMAs suggesting a bullish bias in the medium-term.

EUR/USD 30-minute chart

• The market is trading above its main SMAs suggesting bullish momentum in the near-term.
• EUR/USD might have a retest of 1.1330 resistance however bulls will need to break above it if they don't want a retracement back into the current range. 
• Bears will need to break below 1.1280 to travel to 1.1250 and 1.1220 if they gather enough momentum.
• Key resistance is at 1.1330. A break above the level would open the doors to 1.1360 level.

Additional key levels