EUR/USD technical analysis: Fiber trading at daily highs near 1.1200 ahead of ISM Manufacturing PMI

• Investors will be looking at the ISM Manufacturing PMI (May) in the US at 14:00 GMT.
• Will the market break 1.1200 to the upside or collapse back down towards the 2019 low?

EUR/USD daily chart

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

EUR/USD 4-hour chart

EUR/USD is testing 1.1200 and the 200 SMA.

EUR/USD 30-minute chart

EUR/USD is testing the 1.1200 figure while trading above its main SMAs. A break above 1.1200 can lead to 1.1220 and 1.1260. Sellers need a daily close below 1.1140 to reach the 2019 low at 1.1106. 

Additional key levels