EUR/USD Technical Analysis: Euro bulls challenging 1.1530 key level after worse-than-expected NFP

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  • EUR/USD is challenging the 1.1530 key level after the release of the US Nonfarm Payrolls (Sept) which came in at 134K versus 185K forecast. 
  • EUR/USD is trading below its 50, 100 and 200-period simple moving averages while the RSI, MACD and Stochastics are gaining bullish traction.
  • If bulls can break above 1.1530 then 1.1569 (Sept. 28 low) and 1.1600 figure become the next target. On the flip side bears objective is to keep the market below 1.1530. 

EUR/USD 4-hour chart


	EUR/USD Technical Analysis: Euro bulls challenging 1.1530 key level after worse-than-expected NFP

Spot rate:             1.1527
Relative change:  -0.11%  
High:                    1.1539
Low:                     1.1484

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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