EUR/USD Technical Analysis: Euro bears having a Good Breakout before Good Friday

EUR/USD daily chart

• EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA).
• As discussed yesterday, EUR/USD dropped to the 1.1250 target and pushed almost to 1.1220 support.

EUR/USD 4-hour chart

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

EUR/USD 30-minute chart

• EUR/USD is set to consolidate the recent drop on Good Friday.
• The market can be limited by 1.1220 support with a potential test of 1.1250/60 to the upside.

Additional key levels