EUR/USD Technical Analysis: Euro finally takes the deep dive below 1.1300 figure

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  • EUR/USD is trading in a bear trend below the 200-period simple moving average.
  • EUR/USD broke below 1.1300 figure and reached levels not seen since June 2017. The main bias remains bearish as the RSI and Stochastic indicators are in oversold condition while the MACD keeps a negative reading. 
  • Pullback up can be expected and key resistances to the upside are seen near 1.1300 and 1.1350 level.  A continuation of the down move would see bear targets near 1.1240 current November 12 low and 1.1200 figure. 

EUR/USD 4-hour chart


	EUR/USD Technical Analysis: Euro finally takes the deep dive below 1.1300 figure

Main trend:             Bearish

Resistance 1:   1.1300 figure
Resistance 2:   1.1350 figure
Resistance 3:   1.1400 figure
Resistance 4:   1.1430 October 9 low
Resistance 5:   1.1470 Asian high (Nov.7) 

Support 1:   1.1240 current November 12 low
Support 2:   1.1200 figure
Support 3:   1.1104 June 6, 2017 low

Additional key levels at a glance:

EUR/USD

Overview:
    Last Price: 1.1269
    Daily change: -69 pips
    Daily change: -0.609%
    Daily Open: 1.1338
Trends:
    Daily SMA20: 1.1426
    Daily SMA50: 1.154
    Daily SMA100: 1.1579
    Daily SMA200: 1.1842
Levels:
    Daily High: 1.1369
    Daily Low: 1.1316
    Weekly High: 1.15
    Weekly Low: 1.1316
    Monthly High: 1.1625
    Monthly Low: 1.1302
    Daily Fibonacci 38.2%: 1.1337
    Daily Fibonacci 61.8%: 1.1349
    Daily Pivot Point S1: 1.1313
    Daily Pivot Point S2: 1.1288
    Daily Pivot Point S3: 1.126
    Daily Pivot Point R1: 1.1366
    Daily Pivot Point R2: 1.1394
    Daily Pivot Point R3: 1.1419

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