EUR/USD Technical Analysis: 2018 low here we come – Euro nearing 1.1300 level

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  • EUR/USD is trading in a bear trend below the 200-period simple moving average on the 4-hour chart. 
  • EUR/USD is dropping and is less than 20 pips away from the 2018 low at 1.1300 figure. This is a very important level to look at and a break below it could lead to a continuation down towards 1.1200 figure. 
  • Alternatively, a failure to break 1.1300 figure could lead to a rebound to 1.1350.  

EUR/USD 4-hour chart


	EUR/USD Technical Analysis: 2018 low here we come - Euro nearing 1.1300 level

Main trend:             Bearish

Resistance 1:   1.1350 figure
Resistance 2:   1.1400 figure
Resistance 3:   1.1430 October 9 low
Resistance 4:   1.1463 October 4 low
Resistance 5:   1.1500 figure and October 2 swing low 
Resistance 6:   1.1530 August 23 swing low (key level)

Support 1:   1.1300 current 2018 low
Support 2:   1.1200 figure  
Support 3:   1.1250 figure

Additional key levels at a glance:

EUR/USD

Overview:
    Last Price: 1.1314
    Daily change: -30 pips
    Daily change: -0.264%
    Daily Open: 1.1344
Trends:
    Daily SMA20: 1.1481
    Daily SMA50: 1.1581
    Daily SMA100: 1.1598
    Daily SMA200: 1.1881
Levels:
    Daily High: 1.1388
    Daily Low: 1.1338
    Weekly High: 1.1551
    Weekly Low: 1.1336
    Monthly High: 1.1816
    Monthly Low: 1.1526
    Daily Fibonacci 38.2%: 1.1358
    Daily Fibonacci 61.8%: 1.1369
    Daily Pivot Point S1: 1.1326
    Daily Pivot Point S2: 1.1307
    Daily Pivot Point S3: 1.1276
    Daily Pivot Point R1: 1.1376
    Daily Pivot Point R2: 1.1407
    Daily Pivot Point R3: 1.1426

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