EUR/USD Technical Analysis: Market battling for the 1.1200 figure

EUR/USD daily chart

• EUR/USD is trading in a bear trend below its main simple moving average (SMAs).

EUR/USD 4-hour chart

• 1.1200 figure is an important level of interest. 
• Bulls would need to break above it in order to claim extra gains. 

EUR/USD 30-minute chart

• EUR/USD gaped down on Sunday evening but bulls quickly showed up.
• The 50 SMA crossed above the 100 SMA while the market is trying to break above the 1.1200 handle. A break above the level can lead to 1.1220 and 1.1250 level.
• Support is seen at 1.1170 and 1.1140 level.

Additional key levels