EUR/USD technical analysis: Fiber losing steam below 1.1350 post-US data

• EUR/USD is losing steam below the 200 DSMA.
• In the near term, the market remains under mild pressure below 1.1375 resistance.

US: ISM Manufacturing PMI comes in at 51.7 in June vs. 51 expected, USD gathers strength

EUR/USD daily chart

EUR/USD is losing steam from recent tops made near the 1.1400 figure. The market is trading below the 200-day simple moving average (DSMA).

EUR/USD 4-hour chart

The market broke below 1.1348 support and the 50 SMA. EUR/USD is now testing 1.1320 support. If broken to the downside, the next support can be seen at 1.1260, according to the Technical Confluences Indicator.

EUR/USD 30-minute chart

EUR/USD is trading below 1.1348 and its main SMAs, suggesting bearish pressure in the near term. Resistances are at 1.1348, 1.1375 and the 1.1415 level, according to the Technical Confluences Indicator.

Additional key levels