EUR/USD Technical Analysis: EUR/USD bears keep the market capped below 1.1550 figure

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  • EUR/USD bears are in control as EUR/USD closed Wednesday below the key 1.1530 support level.
  • EUR/USD has found resistance just below the 1.1550 level. EUR/USD is sliding down below its main simple moving averages (SMA) while the RSI, MACD and Stochastics are in negative territories, suggesting a bearish bias. 
  • As long as EUR/USD remains capped below 1.1550 the gates are open for a potential drop to 1.1400 figure. 

EUR/USD 4-hour chart


	EUR/USD Technical Analysis: EUR/USD bears keep the market capped below 1.1550 figure

EUR/USD

Overview:
    Last Price: 1.1505
    Daily change: 28 pips
    Daily change: 0.244%
    Daily Open: 1.1477
Trends:
    Daily SMA20: 1.1648
    Daily SMA50: 1.1602
    Daily SMA100: 1.1643
    Daily SMA200: 1.1936
Levels:
    Daily High: 1.1594
    Daily Low: 1.1464
    Weekly High: 1.1816
    Weekly Low: 1.157
    Monthly High: 1.1816
    Monthly Low: 1.1526
    Daily Fibonacci 38.2%: 1.1514
    Daily Fibonacci 61.8%: 1.1545
    Daily Pivot Point S1: 1.143
    Daily Pivot Point S2: 1.1382
    Daily Pivot Point S3: 1.13
    Daily Pivot Point R1: 1.1559
    Daily Pivot Point R2: 1.1641
    Daily Pivot Point R3: 1.1689

Resistances and Supports

Main trend:         Bearish

Resistance 1:   1.1530 August 23 swing low
Resistance 2:   1.1569 Sept. 28 low
Resistance 3:   1.1600 figure
Resistance 4:   1.1630 August 8 high key level
Resistance 5:   1.1654 August 27 high

Support 1:   1.1500 figure and October 2, swing low 
Support 2:   1.1491 August 21 low 
Support 3:   1.1400 figure
Support 4:   1.1350 figure

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