EUR/USD technical analysis: Fiber stuck near 1.1140 post-US GDP

• The preliminary US GDP (Gross Domestic Product) annualized came in as expected at 3.1% in the first quarter.
• The data is having so far a limited response on the single currency.

EUR/USD daily chart

EUR/USD is trading in a bear trend below its main simple moving averages (SMAs). The market is very close to the 2019 low at 1.1106.

EUR/USD 4-hour chart

The euro is consolidating the recent losses below its main SMAs.

EUR/USD 30-minute chart

EUR/USD is sticking to the 1.1140 level as bulls are challenging the 50 SMA. While the main trend is bearish sellers might try to reach 1.1106 the 2019 low. On the flip side, a daily close above 1.1140 can lead to a recovery to 1.1160 and 1.1180 resistances. 

Additional key levels