EUR/USD Technical Analysis: Euro falls to 1.1460 en route to October lows

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  • EUR/USD is in a bear trend below the 200-period simple moving average. 
  • EUR/USD is testing the 1.1463 support (October 4 low). A break below would open the gates to further losses to 1.1430 (October 9 low) and 1.1400 figure. The RSI, MACD and Stochastic are set up for more bearish pressure ahead. 
  • A move above 1.1530 would be a warning sign for bears.   

EUR/USD 4-hour chart 


	EUR/USD Technical Analysis: Euro falls to 1.1460 en route to October lows

Spot rate:             1.1460
Relative change:  -0.34%  
High:                    1.1528
Low:                     1.1459

Main trend:             Bearish

Resistance 1:   1.1500 figure and October 2 swing low 
Resistance 2:   1.1530 August 23 swing low (key level)
Resistance 3:   1.1569 Sept. 28 low
Resistance 4:   1.1600 figure
Resistance 5:   1.1630 August 8 high key level
Resistance 6:   1.1654 August 27 high

Support 1:   1.1463 October 4 low
Support 2:   1.1430 October 9 low
Support 3:   1.1400 figure
 

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