EUR/USD Technical Analysis: 1.1200 support holds - Can 1.1270 be next ?

EUR/USD daily chart

• EUR/USD is trading in a bear trend below its main simple moving average (SMAs).
• EUR/USD is rebounding from the 1.1100 level. 

EUR/USD 4-hour chart

• EUR/USD is trading above its 50 SMA.

EUR/USD 30-minute chart

• EUR/USD correction to 1.1200 support held as the correction up seems not to be over just yet.
• If bulls can break above 1.1230, this can lead to a move up to 1.1270 resistance.
• Alternatively, a bearish break below 1.1200 can lead to a drop towards 1.1170 and 1.1140 level.

Additional key levels