EURUSD - Where are the buyers?

EURUSD (1H) - short term bearish bias

After a temporary rebound at the 20-day moving average, the single currency continues on its way down towards the 30-day moving average. The pair is looking for buying interest that has yet to show up. On the hourly chart, the euro broke below the support of 1.1130 as a sign of increased pressure. The moving averages are strong resistance and likely to contain any rally for the moment. The psychological level of 1.1100 will be a major floor to maintain the bullish sentiment in the medium term.

Key support: 1.1100
Key resistance: 1.1160