EUR/USD Technical Analysis: Euro at daily lows below 1.1400 as the London session is about to end

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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 has dipped below the 1.1400 figure as the pair rejected the 100 SMA earlier in the day. 
  • Bulls might try to regain 1.1400 in the coming hours. However, failure to do so can open the door to further losses towards the 1.1350 level.

EUR/USD 4-hour chart


	EUR/USD Technical Analysis: Euro at daily lows below 1.1400 as the London session is about to end

Main trend:             Bearish

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

Support 1:   1.1350 figure
Support 2:   1.1300 current 2018 low
Support 3:   1.1200 figure  

Additional key levels at a glance:

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